XI-Micro Chapter-1

PPF is concave to the origin because of

• Increasing MRT

• Diminishing MRT

• Constant MRT

• None of these

Which of the following is not a central problem of Economy

• How to produce

• when to produce

• what to produce

• for whome to produce

Opportunity cost is the

• number of units sacrifised

• number of units gained

• cost of next best alternative forgone

• none of these

which of the following is related to micro economics

• Inflation in the economy

• unemployment problem

• national income

• income from postal department

which of the following is a cause of economic problem

• scarcity of resources

• unlimited wants

• alternative uses

• all of these

the problem of what to produce covers the issue relating to

• what goods are to be produced

• what quantities of goods to be produced

• What to produce and in what quantities to be produce

• None of these

opportunity cost arises

• when there is only course of action

• when there are two or more alternative courses

• when there is no course of action

• All ot these

which of the following is an example of a positive economy

• India should take steps to control rising prices

• There are Inequalities of Income in our economy

• India should not be overpopulated

• Income in Inequalities should be reduced

Which of these central problem deals with technique of production

• what to produce

• how to produce

• for whom to produce

• non of these

which economics is related to what ought to be

• positive economics

• micro economics

• normative economics

• macro economics