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प्रश्न
What will be the impact of "Education for All campaign" (Sarv Shiksha Abhiyan) on the Production Possibilities Curve of the Indian economy and why?
उत्तर
If the people of a country are well educated, they are said to have more efficiency to perform skilled work. Hence, the ‘Education for all Campaign’ increases the production potential, and thus, the production possibility curve will shift nearer to PPC. This is shown in the diagram below.
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संबंधित प्रश्न
Explain the central problem of "choice of technique".
Giving reason comment on the shape of Production Possibilities curve based on the following schedule :
| Good X (units) | Good Y (units) |
| 0 | 10 |
| 1 | 9 |
| 2 | 7 |
| 3 | 4 |
| 4 | 0 |
What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production Possibilities curve of the economy and why?
What will likely be the impact of large-scale outflow of foreign capital on Production Possibilities curve of the economy and why?
Giving reason comment on the production possibilities curve based on the following schedule:
| Good X (units) | Good Y (units) |
| 0 | 20 |
| 1 | 18 |
| 2 | 14 |
| 3 | 8 |
| 4 | 0 |
Giving reason comment on the shape of Production Possibilities curve based on the following schedule :
| Good X (units | Good Y (units) |
| 0 | 30 |
| 1 | 27 |
| 2 | 21 |
| 3 | 12 |
| 4 | 0 |
What is likely to be the impact of "Make in India" appeal to the foreign investors by the Prime Minister of India, on the production possibilities frontier of India? Explain
What will likely be the impact of the large-scale inflow of foreign capital in India on Production Possibilities Curve and why?
Why is Production Possibilities Curve concave? Explain
Why is a production possibilities curve downward sloping? Explain
In what circumstances may the production possibility frontier shift away from the origin? Explain.
Normal profits for a firm imply that the firm is breaking even. Explain.
