9.Underutilisation of physical capital due to COVID 19 will lead to:(1 Point)
10.The central problem of 'how to produce' refers to:(1 Point)
11.Schedules sent through enumerators as a method of primary data collection is free from most of the limitations of the mailed questionnaire method. Comment.(3 Points)
12.Explain what happens to marginal opportunity cost along a PPC, the underlying assumption for the same and what shape does it give to PPC.(3 Points)
13.State whether the following statements are true or false. Give reason. a) An economy cannot operate outside PPC. b) An economy always produces on PPC. c) PPC is downward sloping due to inverse relationship between production of two goods.(3 Points)
14.Answer the following: a) A principal orders T-shirts and wants to check some of them to make sure they were printed properly. She randomly selects 2 of the 10 boxes of shirts and checks every shirt in those two boxes. Explain the type of sampling done. Also state one merit and one demerit of the same. a) A school chooses three randomly selected athletes from each of its sports teams to participate in a survey about athletics at the school. Explain the type of sampling done. Also state one merit and one demerit of the same
Dear Student
9. Option 1 Indian economy operate inside PPC. As physical capital is not in use resources are not utilised.So we can conclude that indian economy will operate inside PPC.
10. Option 1 is correct. Decision regarding use of capital intensive or labour intensive techniques. How to produce means what we will use to produce - labour or machine. If we have more capital a firm can be capital intensive or if have less capital than they can be labour intensive.
Note - For further questions post in separate thread.
Regards
9. Option 1 Indian economy operate inside PPC. As physical capital is not in use resources are not utilised.So we can conclude that indian economy will operate inside PPC.
10. Option 1 is correct. Decision regarding use of capital intensive or labour intensive techniques. How to produce means what we will use to produce - labour or machine. If we have more capital a firm can be capital intensive or if have less capital than they can be labour intensive.
Note - For further questions post in separate thread.
Regards