The shape of the production possibility frontier is deter...
The shape of the production possibility frontier is determined by the_________
Law of returns to scale
Law of diminishing returns
Factors of productions
Technology
Correct answer is B
Law of diminishing returns also known as law of variable proportion is used to determine. The shape of the PPF.
Which of the following are intermediate products? ...
It is important to measure the National Income of a country because ...
Disposable income is total income ...
A deficit balance of payments is measured by subtracting the debits from the credits in the ...
What is the market equilibrium price? ...
Statutory organisations usually established by Acts of Parliament are called ...
The difference between the Gross National Products (GNP) and the Gross Domestic Product (GDP) is ...
Which of the following is NOT a factor that brings about changes in demand? ...