Class XII

Which of the following is the correct expression of Marginal Rate of Transformation?
  1. 2:1
  2. 1:2
  3. 2Y
  4. 2Y for 1X
The problem of growth in an economy means
  1. Having same goods and services to enjoy a high standard of living
  2. Having limited goods and services to enjoy a high standard of living
  3. Having enough goods and services to enjoy a high standard of living
  4. Having more goods and services to enjoy a high standard of living
The branch of economics dealing with the problem of allocation of resources is
  1. Microeconomic Theory
  2. Macroeconomic Theory
  3. Scarcity Concept
  4. Allocation of resources
Increasing MOC mean
  1. Concave PPC
  2. Straight PPC
  3. Inverted PPC
  4. Convex PPC
A correct example of growth of resources is
  1. Increase in capital formation
  2. Increase in production
  3. Improvement in technology
  4. Increase in consumption
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