11. The word 'Economics' is most closely connected with the word:
(a) Free (c) Unlimited
12. A point outside the PPF indicates:
(a) Fuller utilisation of resources (c) Unattainable combination
13. Opportunity cost is the
(a) Number of units sacrificed (c) Cost of next best alternative foregone
(b) Scarcity (d) Restricted
(b) Non Utilisation of resources (d) None of these
(b) Number of units gained (d) None of these
14. Which economic problem involves selection of category of people who will ultimately consume the goods?
(a) How to produce (c) What to produce
15. Which of the following will not lead to shift in PPF?
(a) Upgradation of Technology (o) Massive unemployment
16. The fundamental economic problem being faced is:
(a) Unlimited human wants (c) Unlimited wants and scarcity of resources
(6) For whom to produce (d) None of these
(b) Exploration of new oil reserves (d) Destruction of Resources
(b) Limited wants and unlimited resources (d) Limited wants and limited resources
17. Which part of economic theory aims to determine income and employment level of the economy?
{al Microeconomics (c) Neither (a) nor (b)
(b) Macroeconomics (d) Both (a) and (b)
18. What will happen to PPF if there is technological upgradation in case of both the goods?
(a) Rightward shift in PPF (c) Rotation of PPF
(b) Leftward Shift in PPF (d) None of these
19. Answer the following questions with the help of following diagram:
(syun u) sung
Butter (in units)
X
(1) Which of the following point represents underutilisation of resources?
(a) G (0) A
(b) E (d) F
(it) Which of the following point represents fuller and efficient utilisation of resources?
(a) B (C) F
(b) G (d) None of these
Answers
Answer:
The word 'Economics' is most closely connected with the word:
(a) Free (c) Unlimited
12. A point outside the PPF indicates:
(a) Fuller utilisation of resources (c) Unattainable combination
13. Opportunity cost is the
(a) Number of units sacrificed (c) Cost of next best alternative foregone
(b) Scarcity (d) Restricted
(b) Non Utilisation of resources (d) None of these
(b) Number of units gained (d) None of these
14. Which economic problem involves selection of category of people who will ultimately consume the goods?
(a) How to produce (c) What to produce
15. Which of the following will not lead to shift in PPF?
(a) Upgradation of Technology (o) Massive unemployment
16. The fundamental economic problem being faced is:
(a) Unlimited human wants (c) Unlimited wants and scarcity of resources
(6) For whom to produce (d) None of these
(b) Exploration of new oil reserves (d) Destruction of Resources
(b) Limited wants and unlimited resources (d) Limited wants and limited resources
17. Which part of economic theory aims to determine income and employment level of the economy?
{al Microeconomics (c) Neither (a) nor (b)
(b) Macroeconomics (d) Both (a) and (b)
18. What will happen to PPF if there is technological upgradation in case of both the goods?
(a) Rightward shift in PPF (c) Rotation of PPF
(b) Leftward Shift in PPF (d) None of these
19. Answer the following questions with the help of following diagram:
(syun u) sung
Butter (in units)
X
(1) Which of the following point represents underutilisation of resources?
(a) G (0) A
(b) E (d) F
(it) Which of the following point represents fuller and efficient utilisation of resources?
(a) B (C) F
(b) G (d) None of these
Answer:
I don't know the answer is