The PPC does explain the opportunity cost of producing one good in terms of another -- the slope of the PPC represents the opportunity cost. So statement (1) claiming PPC does not explain opportunity cost is incorrect. The other statements are generally correct: market economies price goods, microeconomics focuses on individual units rather than aggregate unemployment, and positive economics studies mechanisms as they are.
Which of the following is not correct statement ?
CUET UG 2023 — Economics Micro
2023mcqeasy
Which of the following is not correct statement ?
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Production possibility curve does not explain the opportunity cost of production of x for y
- B
In a market economy all goods come with a price
- C
Microeconomics does not analyse the problem of unemployment
- D
Positive economies studies how the different mechanisms function
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