Question

Options for Question (1-5)
(a) Both assertion and reason are true and reason is the correct explanation of assertion.
(b) Both assertion and reason are true and reason is not the correct explanation of assertion.
(c) Assertion is true but reason is false.
(d) Assertion is false but reason is true.
1. Assertion (A): Opportunity cost can we less than, more than or equal to given value of a factor
Reason(R): PPC will shift to the left when there is under utilization of resources.
2.Assertion (A): The problem of how to produce involves choice between capital goods and consumer
goods.
Reason (R): The problem of how to produce deals with choice of techniques to be used for production
of goods and services.
3. Assertion (A): Positive Economics deals with what is or how the economic problems are actually
solved
Reason (R): Positive Economics can be verified with actual data.
4. Assertion (A): Statistics is affected by multiplicity of causes.
Reason (R): Statistics of production of a crop say Rice is affected by rainfall, fertilizers, seeds, method of
cultivation etc.
5. Assertion(A):Statistics is a delicate science and can we easily misused by an untrained person. So data
must be used with a caution.
Reason (R): The statistical methods don't study the nature of phenomenon which can't be expressed in
quantitative terms.
Multiple Choice Questions(6-15)

Answer 1

Answer:

1. a

2. d

3.c

4.b

5.a

Explanation:

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Answer 2

The correct option is-:

1. (a) Both assertion and reason are true and the reason is the correct explanation of assertion.

• So basically opportunity cost means the value which is missed or lost by the business owner, producer and etc because they chose to fulfil some other goal. It is the cost of the best alternative that is forgone Factors of production are scarce when compared to satisfaction of wants. PPC stands for Production Possibility Curve and it shall shift to the left when resources are underutilized and the use is not optimal.

2. (d) Assertion is false but the reason is true.

• The problem of how to produce arises when one has to select the technique of production for example, the techniques can be labour-intensive or capital-intensive and the producer has to choose amongst them for optimal utilization of available resources.

3. (a) Both assertion and reason are true and the reason is the correct explanation of the assertion

• Positive economics helps in understanding what is happening or has taken place already which can help to predict the future of the economy. It is based on factual data which can be verified so this can help deal with economic problems.

4. (b) Both assertion and reason are true and the reason is not the correct explanation of the assertion

• statistics is highly affected by the method of sampling, calculations, methods, environmental situations and etc.

5. (a) Both assertion and reason are true and the reason is the correct explanation of assertion.

• statistics deals with quantitative data and should be used with caution as any untrained person can misuse or misinterpret it.

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