Class XII

The problem of ‘ How to produce’ is making a choice between
  1. Both of these
  2. Capital Intensive methods
  3. None of these
  4. Labour intensive methods
Cash paid against trade payable belongs to ------------
  1. Investing Activities
  2. Financing Activities
  3. No Effect
  4. Operating Activities
The central problems of an economy are due to
  1. Unlimited choice
  2. Limited choice
  3. Unlimited resources
  4. Scarce resources
If MOC is constant, the shape of PPC will be
  1. Inverted
  2. Concave
  3. Convex
  4. Straight
An individual in economics is
  1. A dependent unit
  2. A human being only
  3. An individual decision making unit
  4. A good
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