Question

Short Answer Type Questions (3-4 Marks each)
1. Why does an economic problem arise? Explain. l
2. Distinguish between microeconomics and macroeconomics.
?
3. What are the three central problems of an economy? Why do they arise?
4. What is meant by the problem of allocation of resources? 2
5. Distinguish between positive economics and normative economics. Give an example of each. 7.5
6. Explain the central problem of how to produce'-
l
2 4
OR
Explain the central problem of choice of technique
7. Explain what to produce with the help of an example 1.94 1
OR
Explain the central problem of the choice of products to be produced.
8. Explain the central problem of for whom to produce". - 1.0
OR
Explain the central problem of distribution in an economy.
9. What is opportunity cost? Explain with the help of a numerical example. -8
10. Discuss meaning of production possibility curve through a schedule and diagram. - 1.1
11. Why do central problems arise? Explain. Poner,
12. Explain why a production possibilities curve is concave. 1-20​

Answer 1

Answer:

itne sare question k liye bas 5 marks

Explanation:

hdd h yaar

Answer 2

Answer:

Sorry I don't know the answer