SESSION: 2023-24

CLASS: XI WORKSHEET 1

SUBJECT: ECONOMICS Topic PPC

1. On the basis of the given diagram,answer the following questions: (3)

(a)Which point in the diagram represents underutilistion of resoureces?

(b)Which of the points in diagram is an unattainable combination?
(c) Identify the points at which the economy will operate if resources are fully and
efficiently utilised.

2. Why is the PPC also known as production possibility frontier? (2)

3. What do you mean by marginal opportunity cost? Explain with numerical example.(3)
4. a) Distinguish between Micro and Macro Economics.
b) Identify the following as Micro or Macroeconomic study: i) Production of cotton mill,
ii)Supply of money, iii)Inflation rate. (3)
5. ‘SCARCITY is the mother of all economic problems’ justify. (3)
6. Draw PPC and explain the central problems that can be solved with the help of PPC. (3)
7. Explain the central problem of ‘for whom to produce’? (3)
8. What does increasing MOC along a PP curve mean? What is the reason for increasing MOC?
[ Hint: MOC increases because it is assumed that no resource is equally efficient in production of
all goods. Hence when resources are shifted from more specialized usage to less specialized usage
their productivity falls which requires sacrifice of more such units.] (3)
9. Explain the impact of following on PPC with the help of diagram. (4)
(a) Sarva Siksha Abhiyan launched by Govt. in the year 2001-02
(b) Due to Tsunami a lot of people died.
(c) Make in India program.
(d) Clean India Mission.
 10. Draw a Transformation curve, given the following possibilities of production. Also find the
MOC. (4)

Gun(units) 0 1 2 3 4 5
Bread(units) 30 28 24 18 10 0