Reshma said:
Bremsstrahlung is the process in which an accelerated electron radiates and loses energy in the form of a photon(production of continuous X-rays).
Yes.
http://hyperphysics.phy-astr.gsu.edu/hbase/quantum/xrayc.html#c2
In photoelectric effect, an atom absorbs a photon and an electron from one of the shells is ejected.
Adding to what marlon and Meir Achuz mentioned, the classic photoelectric effect involves low energy photons in the eV range which are absorbed by conduction electrons, which are emitted from a metal (for which Albert Einstein received the Nobel Prize in 1921 - http://nobelprize.org/physics/laureates/1921/index.html) . In the context of radiation, the photoelectric effect means that the photon is entirely absorbed by an electron, which can be any electron in an atom, as long as the photon has some threshold energy, which is basically the binding energy of the particular electron. This is contrast to Compton scattering, in which an electron absorbs some energy and a lower energy photon is 'scattered'. At higher photon energies, pair production and photo-neutron emission may occur.
So, is it reasonable to regard X-ray production and photoelectric effect as inverse processes?
Yes, in a sense that X-ray production by brehmßtrahlung is emssion as opposed to absorption, but the X-ray from brehmßtrahlung is not from a bound electron. X-rays are also produced by electrons falling into the K or L shells of ionized atoms. Usually, electrons on the order of several keV are made to collide with atoms (e.g. W) knocking out K or L electrons (
http://hyperphysics.phy-astr.gsu.edu/hbase/quantum/moseley.html#c1). Another electron fills the empty shell releasing a characteristic X-ray in the process (the process discovered and elucidated by Henry Moseley(http://en.wikipedia.org/wiki/Henry_Moseley)) . Incidentally Henry Moseley was killed in World War I before he could be awarded the Nobel Prize for his work (http://nobelprize.org/physics/laureates/1924/press.html) .
On a similar note, in the process of internal conversion, an excited nuclear state comes down to ground state without the emission of a gamma ray(photon). The energy involved in this nuclear transition gets transferred directly to the bound electron of the atom and such an electron gets knocked out of the atom. Does this process(internal conversion) share an analogy with photo-electric effect?
Are you thinking of isomeric transition where the nucleus entering a lower energy state by gamma-emission.
Internal conversion is another electromagnetic process which can occur in the nucleus and which competes with gamma emission. Sometimes the multipole electric fields of the nucleus interact with orbital electrons with enough energy to eject them from the atom.
See - Internal conversion -
http://hyperphysics.phy-astr.gsu.edu/Hbase/nuclear/radact2.html#c5
Isomeric transition and X-ray production produce photons of discrete energy (with some line broadening) because they involve transitions between quantum states. Bremstrahlung would produce more of a continuum is the electron is not necessarily bound, nor transition between quantum states.