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
Correct Answer: MRT is decreasing
Solution : In the case of diminishing MRT, PPF may be convex to the origin. In other words, less and fewer units of one commodity are surrendered in order to obtain an extra unit of another. Hence, the correct option is 1.
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
Question : Which trend is found about the distance between the galaxies?
Option 1: Constant
Option 2: Increasing
Option 3: Unpredictable
Option 4: Decreasing
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 : An object covers distance which is directly proportional to the square of the time. Its acceleration is:
Option 1: increasing
Option 2: decreasing
Option 3: zero
Option 4: constant
Question : When all inputs are doubled and a result, output also doubles, then we have:
Option 1: constant returns to scale
Option 2: decreasing returns to scale
Option 3: increasing returns to scale
Option 4: none of the options
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