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...Summer assignment micro economics class xi unit introduction mark question give meaning of an economy define opportunity cost what is production possibility schedule normative example positive does movement along ppc from one point to another indicate happen if resources do not have alternative uses state two situations when actual output less than potential can non attainable combinations ever be converted into examples growth underutilisation microeconomic studies macroeconomic why economic problem arise features that rise a rightward shift scarcity intersect each other meant by economizing will the shape moc increasing b decreasing c constant also called transformation curve countrys are fully and efficiently employed exists advice given raise efficiency level human resource fight slope it show tend principal microeconomics macroeconomics or unemployment reduced due measures taken govt its value in context ppf hint would move closer implying higher has started promoting foreign capi...