A. Production possibility curve is concave to its origin.

B. Centrally planned economy is free from use of money.

C. Positive economics explain actual economic events.

D. Price mechanism is found in market economy

E. India is a capitalist economy

Choose the correct answer from the options given below :

A, C and D only

The correct answer is option (2) : A, C and D only

- A. Production possibility curve is concave to its origin: This is a characteristic of the production possibility curve, representing the concept of increasing opportunity cost.

- C. Positive economics explain actual economic events: Positive economics deals with facts and objective analysis, explaining economic phenomena as they are.

- U. Price mechanism is found in a market economy:The price mechanism is a characteristic of market economies, where prices are determined by the forces of supply and demand.