Advertisements
Advertisements
Question
What will be the impact of recently launched 'Clean India Mission' (Swachh Bharat Mission) on the Production Possibilities curve of the economy and why?
Solution
Generally, if the people of a country are well nourished and healthy, then the country is said to have more human capital. With the implementation of ‘Clean India Mission’ (Swachh Bharat Abhiyan), the chances of people falling sick are reduced, thus decreasing the number of people who are forced to stay away from work. Better health and improved efficiency increase the country’s production potential. This leads to a shift in the production possibility curve (PPC) to the right from EF to GH.
APPEARS IN
RELATED QUESTIONS
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 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
Giving reason comment on the shape of Production Possibilities curve based on the following schedule:
| Good X (units) | Good Y (units) |
| 0 | 16 |
| 1 | 12 |
| 2 | 8 |
| 3 | 4 |
| 4 | 0 |
What will be the impact of "Education for All campaign" (Sarv Shiksha Abhiyan) on the Production Possibilities Curve of the Indian economy and why?
Why is Production Possibilities Curve concave? Explain
Why is a production possibilities curve downward sloping? Explain
Explain the central problem of "What is produced and in what quantities.".
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.
