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Economy can never operate outside PPC wi...

Economy can never operate outside PPC with the given resources and technology.

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True: Economy can never operate outside PPC with the given resources and technology as all points outside PPC are unattainable.
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State whether the following statements are true or false. Given reason. (i) Massive unemployment will shift PPF towards left. (ii) An economy cannot operate outside PPF. (iii) Study of cotton textile industry is a macroeconomic study.

FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Growth of resources shifts PPC towards left.

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  2. PPC is concave shaped as production of one good can be increased only ...

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  3. Economy can never operate outside PPC with the given resources and tec...

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  4. Economy always operates on PPC.

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  5. Define Marginal Opportunity cost.

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  6. How does Maruti Udyog Ltd. Fix the prices of its cars, is it studied i...

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  7. Whether the cotton textile industry is an example of micro or macroeco...

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  8. "Scarcity and choice go all together" Defend or refute.

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  9. "Only 'Scarce Goods' attract price." Comment.

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  10. A lot of people die and many factories are destroyed due to floods in ...

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  11. Massive unemployment will shift PPC to the left. Defend or refute.

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  12. A country's resources are fully and efficiently employed. The problem...

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  13. In an underdeveloped economy why there is the need of efficient utiliz...

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  14. India is a labour abundance and capital scarce economy. Which techniqu...

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  15. A water resources are limited in our country, how can we economise the...

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  16. Scarcity of resources is a universal phenomenon and is not confined to...

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  17. The problems of scarcity of resources and their alternate uses arise e...

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  18. Although water is useful, yet it is cheap. On the contrary, diamond is...

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  19. Why is it that on one hand coal is found in plenty, yet it is scarce w...

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  20. A farmer is getting more profit by producing opium rather than that of...

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