Another name for production possibility curve is
Transformation curve
Marginal Productivity curve
Indifference curve
Supply curve
Economic is
Social Science
General Science
Basic Science
Welfare science
The father of economics is
Alfred Marshall
Adam Smith
Robbins
Samuelson
The Welfare definition of economics was given by
Keynes
Nature and significance of economic science was written by:
Lionel Robbins
Microeconomics is also called
Economic theory
Price theory
Demand theory
Supply theory
"Wealth of Nation" is written by
How to produce is a question relating to
Choice of techniques of production
Distribution of output produced
Growth of resources
Distribution of input produced
A shift of the production possibility curve to the right means
Expansion of output produced
Scope for greater choice
That the economy is able to produce more of the commodities than before
For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
