Download App

Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsIntroduction of Micro-Economics1 Mark
Question
When there is an improvement in technology, holding everything else constant:
  1. The production possibilities frontier shifts inward.
  2. The production possibilities frontier shifts upward.
  3. The production possibilities frontier remains the same.
  4. The production possibilities frontier shifts downwards.
✓

Answer

  1. The production possibilities frontier shifts upward.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Introduction of Micro-Economics→Introduction of Micro-Economics — all question types→Economics STD 12 Humanities & Commerce question papers→Rajasthan Board STD 12 Humanities & Commerce question papers→Rajasthan Board question paper generator→

Similar questions

Economic problem arises because:
  1. Wants are unlimited
  2. Resources are scarce
  3. Alternative uses of resources exist
  4. All of the above
→
AR is always equal to ________?
  1. Revenue.
  2. Price.
  3. Cost.
  4. Profit.
→
As output increases, Average Fixed Cost ______________.
  1. Remains constant.
  2. Starts falling.
  3. Starts rising.
  4. None of these.
→
In the short run, when a firm produces zero output, its total cost is equal to:
  1. Zero.
  2. Variable cost.
  3. Fixed cost.
  4. Marginal cost.
→
When a negative sloping straight-line demand curve, the total revenue curve is:
  1. A rectangle hyperbola.
  2. Convex to the original.
  3. An inverted vertical parabola.
  4. Concave to the origin.
→
When income of the consumer falls the impact on price-demand curve of an inferior good is:
  1. Shifts to the right.
  2. Shifts to the left.
  3. There is upward movement along the curve.
  4. There is downward movement along the curve.
→
If the percentage change in supply is less than the percentage change in price, it is called _______.
  1. Unit elasticity of supply.
  2. Less elastic supply.
  3. More elastic supply.
  4. Inelastic supply.
→
Demand for final consumption arises in rises in _______.
  1. household sector only.
  2. government sector only.
  3. both household and government sectors.
  4. neither in households nor in government sector.
→
Choose the correct alternative.
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.
  1. Zero.
  2. Unity.
  3. More than one.
  4. Less than one.
→
Under what condition, both equilibrium price and equilibrium quantity will decrease?
  1. Increase in demand.
  2. Increase in supply.
  3. Decrease in demand.
  4. Decrease in supply.
→