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Introduction

Question

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Govt. has started promoting Foreign investments. What will be its economic value in the context of PPF?

Solution

Production will improve with more foreign investments. Thus PPF will shift rightward.

Some More Questions From Introduction Chapter

Massive unemployment shifts the PPC to the left. Defend or refute.

What is meant by resources?

What do you understand by the term 'individual' in economics?

What is meant by goods?

Define services.

What is meant by commodities?

What is meant by an economy?

What are vital functions of an economy?

Name three basic economic activities of life.

What is meant by an economic problem?

Mock Test Series

Mock Test Series

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