Read and download free pdf of CBSE Class 12 Economics Production Possibility Curve Worksheet. Students and teachers of Class 12 Economics can get free printable Worksheets for Class 12 Economics Production Possibility Curve in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 12 students should practice questions and answers given here for Economics in Class 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Economics Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests
Worksheet for Class 12 Economics Production Possibility Curve
Class 12 Economics students should refer to the following printable worksheet in Pdf for Production Possibility Curve in Class 12. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks
Class 12 Economics Worksheet for Production Possibility Curve
CBSE Class 12 Economics Production Possibility Curve. CBSE issues sample papers every year for students for class 12 board exams. Students should solve the CBSE issued sample papers to understand the pattern of the question paper which will come in class 12 board exams this year. The sample papers have been provided with marking scheme. It’s always recommended to practice as many CBSE sample papers as possible before the board examinations. Sample papers should be always practiced in examination condition at home or school and the student should show the answers to teachers for checking or compare with the answers provided. Students can download the sample papers in pdf format free and score better marks in examinations. Refer to other links too for latest sample papers.
I. Answer in one sentence each
1. Define goods.
2. Distinguish between goods and services.
3. What do you understand by ‘individual’ in economics?
4. What does ‘allocation of resources’ mean?
5. Define ‘scarcity’ in economics.
6. Define positive economics.
7. Give an example for a positive statement.
8. Define normative economics.
9. Give an example for normative statement.
10. Define micro economics
11. Give two examples for micro economic variables.
12. Define macro economics.
13. Give two examples for macro economic variables.
II. Answer in around 60 words each
14. How does problem of choices arise in an economy?
15. Define production possibilities. Show various production possibilities on a production possibility curve.
16. Define production possibility curve. State any two assumptions behind the concept of production possibility curve?
17. What does the problem of ‘for whom to produce’ signify’?
18. What does the problem of ‘how to produce’ signify’?
III.Answer in around 75 words each
19. Define a market. What are the characteristics of a market economy?
20. How do central problems get solved in a ‘market economy’?
21. What are resources? What are the basic characteristics of resources?
22. Define a mixed economy. How are central problems solved in such an economic system?
23. Define opportunity cost. Explain with the help of an illustration.
24. Define marginal opportunity cost. How does it determine the shape of production possibility curve?
25. What does the following signify:
Economy functions along the production possibility curve.
Production possibility curve shifts to right (outward).
Production possibility curve shifts to left (inward).
Economy functions below the production possibility curve.
26. What could be the shape of production possibility curve if ‘marginal rate of transformation’ is increasing in nature? Show with diagram
27. What can you say about the shape of production possibility curve if resources are equally efficient in the production of both the good? Show with diagram.
IV. Answer in around 100 words each
28. How does Production possibility curve explain the problem of ‘What to Produce’? Show with a diagram
29. Why does increasing Marginal Rate of Transformation occur? Show the concept on a production possibility curve with schedule.
30. What happens to production possibility curve When
a. Technology of production improves?
b. Earth quake destroys existing stock of capital
c. Economy employs all the resources efficiently and fully.
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CBSE Class 12 Economics Production Possibility Curve Worksheet
We hope students liked the above worksheet for Production Possibility Curve designed as per the latest syllabus for Class 12 Economics released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Economics on a daily basis. All the latest worksheets with answers have been developed for Economics by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their class tests and examinations. Studiestoday is the best portal for Class 12 students to get all the latest study material free of cost.
Worksheet for Economics CBSE Class 12 Production Possibility Curve
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Production Possibility Curve worksheet Economics CBSE Class 12
All worksheets given above for Class 12 Economics have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be rest assured that the answers have been also provided by our teachers for all worksheet of Economics so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Economics in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Economics students have been given on studiestoday.
Production Possibility Curve CBSE Class 12 Economics Worksheet
Regular worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Production Possibility Curve concepts. Worksheets play an important role in developing an understanding of Production Possibility Curve in CBSE Class 12. Students can download and save or print all the worksheets, printable assignments, and practice sheets of the above chapter in Class 12 Economics in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Economics MCQ Test for the same chapter.
Worksheet for CBSE Economics Class 12 Production Possibility Curve
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