Which of the following is not an example of Macro Economics?
Question 2 of 7
(i) It is the main reason for study of economics
(ii) to the limitation of supply in relation to demand for a commodity.
(iii) It is the root of all economic problems
Question 3 of 7
Match the following :
How to produce
This problem involves selection of goods and services to be produced and the quantity to be produced of each selected commodity.
What to produce
Ensure that urgent wants of each productive factor are fulfilled to the maximum possible extent
For whom to produce
It refers to selection of technique to be used for production of goods and services
Question 4 of 7
Which of the following statement is incorrect?
(i) Resources are scarce
(ii) Human resources are unlimited
(iii) Resources have alternative uses
(iv) Human resources differ in priorities
Question 5 of 7
Mr H is working as an accountant at a salary of ₹ 50,000 per month. He received two more job offers – (i) Offer of ₹ 45,000 from PQR Ltd (ii) Offer of ₹ 40,000 from ABC Ltd. What is the opportunity cost for working as an accountant?
Question 6 of 7
PPF is concave to the origin because of
Question 7 of 7
PPF will shift to the right in which of the following case: