Question

Match the statements given under A with the correct options given under B.

(A)	(B)
(i) Opportunity Cost	a. Technique to be used for production of goods and services
(ii) Positive Economics	b. Concave Shaped
(iii) Production Possibility Frontier	c. Cost of next best alternative foregone
(iv) How to Produce	d. Deals with how the economic problems are actually solved

Answer 1

(A)	(B)
(i) Opportunity Cost	c. Cost of next best alternative foregone
(ii) Positive Economics	d. Deals with how the economic problems are actually solved
(iii) Production Possibility Frontier	b. Concave Shaped
(iv) How to Produce	a. Technique to be used for production of goods and services