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Explain how government budget can be used to influence the distribution of income?
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Explain how government budget can be helpful in bringing economic stabilization in the economy.
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A market for a good is in equilibrium. The demand for the good 'increases'. Explain the chain of effects of this change.
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A market for a good is in equilibrium. The supply of good "decreases". Explain the chain of effects of this change
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Answer the following question.
Explain how the government can use the budgetary policy in reducing inequalities in incomes.
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Explain the role of the government budget infighting inflationary and deflationary tendencies.
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A market for a product is in equilibrium. Demand for the product "decreases." Explain the chain of effects of this change till the market again reaches equilibrium. Use diagram
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What is meant by 'excess supply' of a good in a market?
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Explain its chain of effects on the market of that good. Use diagram
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Explain the economic stability as objectives of government budget.
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Find Net Value added at Market Price:
|
S.No |
Items |
Amount |
|
(i) |
Depreciation (Rs) |
700 |
|
(ii) |
Output sold (units) |
900 |
|
(iii) |
Price per unit of output (Rs) |
40 |
|
(iv) |
Closing stock (Rs) |
1,000 |
|
(v) |
Opening stocks (Rs) |
800 |
|
(vi) |
Sales tax (Rs) |
3,000 |
|
(vii) |
Intermediate cost (Rs) |
20,000 |
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Explain the concept of ‘fiscal deficit’ in a government budget. What does it indicate?
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Draw average revenue and marginal revenue curves in a single diagram of a firm which can sell more units of a good only by lowering the price of that good. Explain.
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Market for a good is in equilibrium. There is an ‘increase’ in demand for this good. Explain the chain of effects of this change. Use diagram.
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Explain the ‘redistribution of income’ objective of Government budget.
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Discuss the central problems of an economy.
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Explain why public goods must be provided by the government.
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What would be the shape of the demand curve so that the total revenue curve is
(a) a positively sloped straight line passing through the origin?
(b) a horizontal line?
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From the schedule provided below calculate the total revenue, demand curve and the price elasticity of demand:
|
Quantity |
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
|
Marginal Revenue |
10 |
6 |
2 |
2 |
2 |
0 |
0 |
0 |
−5 |
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