Question : In which situation, PPC can be a straight line due to:
Option 1: Decreasing
Option 2: Constant
Option 3: Increasing
Option 4: None of the above
Correct Answer: Constant
Solution : The cost of society's decision to choose between two different goods is depicted by the production possibility curve. PPC can be a straight line because of constant MRT. Hence, the correct option is 2.
Question : PPF can be convex to the origin if
Option 1: MRT is decreasing
Option 2: MRT is increasing
Option 3: MRT is constant
Option 4: None of these
Question : What will be shape of demand curve:
Option 1: Straight line
Option 2: Upward sloping
Option 3: Downward sloping
Option 4: None of the above.
Question : Due to the greenhouse effect:
Option 1: the temperature of the Earth is decreasing
Option 2: the temperature of the Earth is increasing
Option 3: the temperature of the Earth is constant
Option 4: No option is correct
Question : Which trend is found about the distance between the galaxies?
Option 1: Constant
Option 2: Increasing
Option 3: Unpredictable
Option 4: Decreasing
Question : The market rate of exchange also reveals information about the _____.
Option 1: Slope of PPC
Option 2: Slope Indiiffrecne Curve
Option 3: The slope of budget line
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