Any point below the concave production possibility curve means which of the following? (a) Undernutilisation of resources (b) Wastage of Resources
Either (a) or (b) or both
A point below the concave production possibility curve indicates that the resources are not being fully utilised, which may also reflect inefficiencies in the allocation of resources. Both underutilisation of resources (a) and wastage of resources (b) are possibilities in this case, making option 3 the correct answer.
Which of the following is NOT a part of the trade and investment policy reforms initiated under the New Economic Policy reforms in 1991?
In a ________ economy, all important economic activities are determined by the government.
The Montreal Protocol is associated with the problem of ________.
Which of the following is NOT a method of measurement of national income?
The Sen index is a tool for the measurement of:
| List I (Name of Shifting Cultivation) | List II (Country) |
| A. Milpa | 1. Zaire |
| B. Ladang | 2. Brazil |
| C. Rocca | 3. Malaysia |
| D. Masole | 4. Mexico |