Production Possibility Frontier

Q.

Keeping in view your locality, describe any four strategies of sustainable development.

Q.

Explain the concept of positive and normative economics with examples.

Q.

Which one is the most important feature of spiral model?

1. quality management

2. performance management

3. risk management

4. efficiency management

Q.

Who is a worker?

Q.

How Does PPC Solve the Central Problems of an Economy?

Q.

Outline the steps involved in attaining sustainable development in India.

Q. Fill in the blanks with appropriate alternative given in the bracket.

1. Economic growth without__________ is possible.
(Economic development, education, capital, trade)

2. In modern times the_________is an economic leader
(entrepreneur, actor, social worker, minister)

3. Industrial development increases_______________
(Poverty, population, urbanization, unemployment)

4. Per capita income is ____________ divided by the total population.
(Per capita consumption, national income, human development, human development, net national product.)

Q. Evaluate integrationR to Infinite GMm/x2 dx

Q. Calculate Karl Pearson's Coefficient of Correlation between the sales and expenses of the following 10 firms:

Firms	:	1	2	3	4	5	6	7	8	9	10
Sales(in ₹ '000)	:	50	50	55	60	65	65	65	60	60	50
Expenses (in ₹ '000)	:	11	13	14	16	16	15	15	14	13	13

Q.

Q. What is the difference between marginal propensity to consume and marginal propensity to save? What is the relation between the two?

Q. Use the figure to answer question.
Which point on the Production Possibilities Curve show full and efficient use of resources?

1. A
2. B
3. C
4. All the above

Q. ________ are not a function of output, they do not vary with output up to a certain level of activity.

1. Direct costs
2. Variable cost
3. All of the above
4. Fixed cost

Q. Find the product moment correlation between sales and expenses of the following 10 firms.

Firms	:	1	2	3	4	5	6	7	8	9	10
Sales	:	50	50	55	60	65	65	65	60	60	50
Expenses	:	11	13	14	16	16	15	15	14	13	13

Q. Multiple Choice Question:

1. $0.8$
2. $1.0$
3. $0.75$
4. $0.2$

Q. What is the relationship between marginal propensity to save and marginal propensity to consume?

Q. A convex to the origin PPC implies __________.

1. increasing marginal cost
2. decreasing marginal opportunity cost
3. increasing marginal opportunity cost
4. constant marginal opportunity cost

Q. Does production possibility frontier indicate the actual level of output or potential level of output?

Q. The typical production possibilities curve is:

1. An upward sloping line that is concave to the origin.
2. A downward sloping line that is convex to the origin.
3. A downward sloping line that is concave to the origin.
4. A straight upward sloping line.

Q. If the marginal (additional) opportunity cost were to show a decreasing trend, then the PPC would be _____________.

1. straight line
2. convex to the origin
3. backward bending
4. concave to the origin

Q. What do you understand by parametric shift?

Q. Does it mean that the level of our PPC could be higher than what it is now?

Q.

What do you mean by balanced growth .

Q. What will be the shape of PPC when marginal opportunity cost is constant?

1. Concave
2. Convex
3. Backward bending
4. Straight line

Q. If the marginal (additional) opportunity cost is constant, then the PPC would be __________.

1. straight line
2. backward bending
3. convex to the origin
4. concave to the origin

Q. How can we achieve the parity between the actual level of output and the potential level of output in the Indian economy? State two possible steps.

Q. The production possibility curve is not used for which of the following purposes?

1. Demand-supply analysis.
2. Knowledge of economic efficiency.
3. Distribution of nation's resources.
4. Choice of techniques of production.

Q. Describe economic growth using a PPC diagram.