What to produce is a question of
Efficient use of resources
Allocation of resources
Growth of resources
Resources
The father of economics is
Alfred Marshall
Adam Smith
Robbins
Samuelson
Capital intensive technique is the method of using
More labour and less Capital
More Capital and less Labour
More Capital and More Labour
More labour and More capital
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
Supply curve
Another name for production possibility curve is
Transformation curve
Marginal Productivity curve
Indifference curve
Scarcity definition of economics was given by
Economic problem arises because of
Abundance of resources
Scarcity of resources
Alternative use of resources
Not using resources
For whom to produce relates to the
Functional distribution of income.
Personal distribution of income
Economic needs of the poor
Distribution
"Growth definition " is the contribution of
Keynes
"Wealth of Nation" is written by
Lionel Robbins