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difference between microeconomics and macroeconomics
What is meant by alternative uses of resources? Give Examples.
HOW TO SOLVE CENTRAL PROBLEMS OF ECONOMY?
give two examples of microeconomic and macroeconomics studies?
what is the likely effect of environmental degradation on production potential of country??expalin along wid diagram????(value based que)
'' scarcity is the root cause of economic problem''.explain 3mm
what is the difference between MRS(marginal rate of transformation), MRS(marginal rate of substitution), MOC(marginal opportunity cost)?
what is the opportunity cost of an input which has no alternative use ?
what is meant by economising of resources?
the subject matter of economics.
write any 4 properties of ppc?
explain how scarcity and choice go together
The MU schedule for goods A and B is given. Price of both the goods is ₹1 each and income of Mr. Narendra is assumed to be ₹6.How many units of both the goods should be purchased by him so that his total utility is maximized?
can two ppc ever intersect/cut each other?
study of cotton textile industry is a macro economic study.True or False? Give reason.
explain why it is said that economic growth is a race between depletion and invention ?
Calculate MOC of cloth in terms of sugar at different production possibilities from the following hypothetical data of a country :
Production possibilities : A , B, C, D, E, F
Cloth (million mt ) : 0, 1, 2, 3, 4, 5
Sugar (million kg) : 50, 45, 40, 35, 25, 20
economic slow down in some parts of the world has adversely affected demad for indian exports. what will be it's effect on ppf of india?
State the two characteristics of economic resources.
between a centrally planned economy and a market economy.
why is ppc downward sloping from left to right?
Can PPC be a straight line and when?Explain with an example
difference between import duty and customs duty
does massive unemployment shift the ppc to the left..?
Explain the concept of marginal opportunity costs by giving a numerical example.
What is macroeconomics paradoxes? Give some examples.
'An economy always produces on, but not inside a PPC. Defend or Refute.
Difference between Intermediate goods and Capital Goods? (3m)
A lot of people die and many factories were destroyed because of severe earthquake in a country . how will it affect the country's ppc. expain
what are the three central problems of an economic? explain in detail.....?
why does the problem of choice arise?
why do problems related to allocation of resources in an economy arise? Explain.
"economics is about making choices in the presence of scarcity." explain.
How are microeconomics & macroeconomics interdependent? Explain with an example.
What does macroeconomics theory deal with? Give examples.
You plan to extend NCC camp for two months. If you do, you wont be able to take your usual part time job that pays Rs. 10000 for two months and you wont be able to live at home for free. The cost of your NCC camp includes - living expenses Rs. 2000/- constume and stationary expenses Rs. 3000 and study material Rs. 1000/-. Calculate the MOC of joining NCC camp?
what does the downward slop of ppc indicates?
state in brief the problem of fuller utilisation of resources
Explain how a production possibility curve is affected when resources are inefficiently employed ain an economy ?
What do you understand about the term renaissance? Discuss in 250 words
why does an economic problem arise
EXPERTS, PLS TELL ME THAT WHICH OPTION SHOULD I LEARN TO WRITE IN MY BOARD EXAMS FOR THE PROBLEM OF " FOR WHOM TO PRODUCE"
ALSO, TELL ME SOME EXAMPLE ALONG WITH THE PP CURVE.
I This is the question of how to distribute the product among the various sections of the society. National product is the total output generated by the firms. The total output ultimately flows to the households in the form of income,i.e., their wages, rent, interest and profit. There are millions of people in a society. Each one cannot get sufficient income to satisfy all his wants. This raises the problem of distribution of national product among different households. In economics, the problem of distribution of national product is studied under the theory of distribution.
II This is the problem of distribution of goods and services produced in the economy.
Goods and service are produced for those who have the capacity to buy them. Capacity to buy depends on income. More income means more capacity to buy. So, the problem 'for whom to produce' amounts to the problem of distribution of income among income-earners.
It should be kept in mind that production is the result of combined efforts of land,labour, capital and entrepreneurship. And income is distributed to these factors of production in the form of wages, rent , interest and profits.
what is the difference between positive and normative economy ? explain.
"Massive unemployment will shift the PPC to the left", defend or refute
why is there a need to economize resources?
why ppc curve is also called opportunity cost curve
the government has started promoting foreign capital. what is the economic value in the context of ppf
What do you mean by production possibilities of an economy?
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