Question

Giving reasons, state the following are true or false / Answer the following in a sentence or two: 1. Economic problem arises due to plenty of resources 2. Study of an automobile industry is a subject matter of microeconomics 3. Growth of resources shifts the PPC to the right 4. Determination of level of Income and Employment is a subject matter of microeconomics 5. What is meant by an economy? 6. Why is the study of the unemployment considered a Macroeconomic study 7. What is meant by scarcity of resources? 8. Give two examples of growth of resources?(2) 9. Can there be an economy without an economic problem?sharmi​

Answer 1

$\huge\mathsf\blue{Answer}$

1. False
2. False.
3. False
4. False
5. True
6. False
7. True.
8. False