Introduction — Economics STD 12 Humanities & Commerce — Question

State giving reasons, whether the following statements are true or false:
As soon as Marginal Cost starts rising, Average Variable Cost also starts rising.

Giving reasons, state whether the following statements are true or false.
Gross investment can be equal to net investment.

Giving reasons, state whether the following Its are true or false.
The difference between average total cost and average variable cost is constant.

Are the following statements true or false? Give reasons.
Rise in revenue deficit will always lead to higher fiscal deficit.

Giving reasons, state whether the following statements are true or false.
Income from imputed rent of self occupied houses is a part of national income.

'Slope of the demand curve is constant at all points on the demand curve'. True or False? Give reason in support of your answer.

Giving reasons, state whether the following statements are true or false.
Under monopolistic competition there is only one seller of the product.

Giving reasons, state whether the following statements are true or false.
PPC is concave shaped as production of one good can be increased only by reducing quantity of another good.

Giving reasons, state whether the following statements are true or false.
Under diminishing returns to a factor, total product continues to increase till marginal product reaches zero.

Giving reasons, state whether the following statements are true or false.
Growth of resources shifts PPC towards left.