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Assertion (A): Marginal utility (MU) goes on diminishing.
Reasoning (R): Total utility (TU) increases at a diminishing rate.
Concept: Basic Concepts of Microeconomics > Utility
State with reasons whether you agree or disagree with the following statement.
There are no exceptions to the law of diminishing marginal utility.
Concept: Law of Diminishing Marginal Utility
Give reasons or explain the following statement:
Macro economics is comprehensive in nature.
Concept: Allocation of Resource and Economic Variable
Define 'or' explain the following concept.
Lumping method
Concept: Allocation of Resource and Economic Variable
Define or explain the following concept.
Macro economic variables.
Concept: Allocation of Resource and Economic Variable
Answer the following question.
What is the subject matter of macro economics?
Concept: Allocation of Resource and Economic Variable
What is a ‘consumption function’?
Concept: Concept of Aggregate Demand and Aggregate Supply
Give reasons or Explain the following statement
Autonomous investment is not directly linked with profit.
Concept: Investment Demand
What are the determinants of Aggregate demand?
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain with reason, whether you agree or disagree with the following statement:
Aggregate supply is influenced only by availability of natural resources.
Concept: Concept of Aggregate Demand and Aggregate Supply
Write explanatory answer:
What is Aggregate demand ? Explain the determinants of Aggregate demand.
Concept: Concept of Aggregate Demand and Aggregate Supply
State whether the following statements are ‘True’ or ‘False’.
Depreciation is included in net investment.
Concept: Investment Demand
State with reason whether you agree or disagree with the following statements. (any Three)
Aggregate demand depand only on the consumption expenture.
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain the following concepts or give definitions.
Depreciation
Concept: Concept of Aggregate Demand and Aggregate Supply
Write explanatory notes or answer the following.
Revenue expenditures.
Concept: Types of Investment Expenditure
State Whether the following statements are TRUE or FALSE:
Due to Government expenditure demand increases.
Concept: Effect of Population of Consumption Expediture
Define or Explain the concept
Real investment
Concept: Investment Demand
State whether the following statements are True or False with reason:
Income earned from foreign investment is considered for aggregate demand.
Concept: Concept of Aggregate Demand and Aggregate Supply
Fill in the blank with appropriate alternatives given below
That part of income, which is not spent on consumption, is called __________.
Concept: Concept of Aggregate Demand and Aggregate Supply
Answer in detail.
What is Aggregate Supply? Explain the determinants of Aggregate Supply.
Concept: Concept of Aggregate Demand and Aggregate Supply
