HSC Arts (English Medium) 12th Standard Board Exam - Maharashtra State Board Question Bank Solutions

Complete the correlation:

Rise in price : Expansion of supply : : Fall in labour cost : ______.

Find the odd word out:

Transfer payments:

Complete the correlation:

Rise in price : Expansion of supply : : Fall in transport cost : ______.

Give an economic term:

Debt is raised by the government from borrowings from its citizens.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

State with reason whether you agree or disagree with the following statement :

When price of Giffen goods fall, the demand for it increases.

A rightward shift in supply curve shows ______.

A rightward shift in supply curve shows ______.

Write short notes Significance of price elasticity of demand.

State whether the following statement is true or false.

Micro Economic theory assumes full employment.

Explain with reason, whether you agree or disagree with the following statement:

Price elasticity of demand can not be measured by using geometric method.

Give reason or explain the following statement:

Micro economic theories based on certain assumptions.

Define or explain the following concepts (Any THREE): 

Cross elasticity of demand 

Define / Explain the following concepts. (Any Three) 

Enterpreneur.