Question : When there is an advancement of technology in respect of both the goods it is known as
Option 1: Rightward shift in PPF
Option 2: Leftward shift in PPF
Option 3: Rotation on X axis
Option 4: Rotation of Y axis
Correct Answer: Rightward shift in PPF
Solution : Technology advancements affecting both goods are referred to as a "rightward shift" in PPF. Hence, the correct option is 1.
Question : If there is a technological degradation and/or decrease in resources with respect to both the goods, it is known as ________.
Option 4: Rotation on Y axis
Question : The graph of the equation $x=a(a \neq 0)$ is a_____.
Option 1: line parallel to the x-axis
Option 2: line parallel to the y-axis
Option 3: line at an angle of 45 degree to y-axis
Option 4: line at an angle of 45 degree to x-axis
Question : When there is a growth of resources, a concave "production possibility curve" will:
Option 1: shift leftward
Option 2: shift rightward
Option 3: become straight
Option 4: become convex
Question : Find the coordinates of the points where the graph $57x – 19y = 399$ cuts the coordinate axes.
Option 1: x-axis at(–7, 0) and y-axis at (0, –21)
Option 2: x-axis at(–7, 0) and y-axis at (0, 21)
Option 3: x-axis at (7, 0) and y-axis at (0, –21)
Option 4: x-axis at (7, 0) and y-axis at (0, 21)
Question : What is the equation of the line whose y-intercept is 4 and is making an angle of 45° with the positive x-axis?
Option 1: $x+y=–4$
Option 2: $x–y=4$
Option 3: $x+y=4$
Option 4: $x–y= – 4$
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