Production possibility curve is always concave because ?

Related Mcqs:

Power of a good/ service to satisfy human desire/want is called____________________?

A. Utility B. Worth C. The point of satiety D. All of these...

Meaningful statement about the economic behavior or the economy is called_______________________?

A. Economic principle B. Economic theories C. Both D. None...

A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?

A. Current account B. Fixed account C. Saving account D. Capital account...

Situation in which govt. intervention in an economy worsens outcomes__________________?

A. Govt. failure B. Market perfection C. Govt. inefficiency D. None...

In developed countries manufactured goods are about ________________% of total export?

A. 60 % B. 90 % C. 57 % D. 82 %...