Question 5 :
One of the most important features of land is that its supply is _______.

Question 9 :
In pre-historic period, man wandered from one place to another to satisfy his 'Wants'. Here 'Wants&#34;&#160; is referred to _____.<br/>

Question 11 :
An outward shift in the producation possibiity curve implies that ______.

Question 14 :
Economic meaning of increasing marginal opportunity cost implies that to produce more units of good X, the units of the other good have to be sacrificed on an _________.

Question 15 :
&#34;The PPC is concave to the origin and slopes downward.&#34; Which of the following statements is correct?&#160;<br/>(i) This statement is absolutely correct<br/>(ii) This statement is absolutely incorrect<br/>(iii) This statement&#160; indicates increasing opportunity cost<br/>(iv) This statement indicates production of one good is sacrificed for the production of other goods.<br/>