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Complete the correlation:
Rise in price : Expansion of supply : : Fall in transport cost : ______.
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Give an economic term:
Debt is raised by the government from borrowings from its citizens.
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A rightward shift in supply curve shows ______.
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A rightward shift in supply curve shows ______.
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Write short notes Significance of price elasticity of demand.
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State whether the following statement is true or false.
Micro Economic theory assumes full employment.
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Explain with reason, whether you agree or disagree with the following statement:
Price elasticity of demand can not be measured by using geometric method.
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Give reason or explain the following statement:
Micro economic theories based on certain assumptions.
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Define or explain the following concepts (Any THREE):
Cross elasticity of demand
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Define / Explain the following concepts. (Any Three)
Enterpreneur.
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Answer the following Questions. [Any Three]
Explain the imprtance of elasticity of demand.
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State whether the following statements are TRUE or FALSE :
The problems of Nation are studied in the micro economy.
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Give reasons or explain the following statements (Any Four):
The demand curve is sloping down from left to right.
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Give reasons or explain the following statement:
Assumptions of micro economics are unrealistic.
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State whether the following statement is TRUE or FALSE.
Micro Economic theory assumes full employment.
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State whether the following statement is TRUE or FALSE.
Micro Economic theory suggests policies to solve problem of inflation.
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Give reason or explain the following statement.
Micro Economics analyses partial equilibrium.
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Give reason or explain the following statement.
Micro Economic theories are based on certain assumptions.
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Give reason or explain the following statement.
Marginalism principle is used as a tool of analysis in micro economics.
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Answer the following question
Explain the government’s development and non development expenditure.
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