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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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Distinguish between:
Inferior goods and superior goods
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Do you agree with the following statement? Give reason
Explain determinants of market demand.
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Answer the following question :
Explain the concept of Elasticity of Demand
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Answer the following question :
Explain the importance of concept of Elasticity of Demand for international trade.
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State with reason whether you agree or disagree with the following statement.
Various factors influence Elasticity of Demand
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State with reason whether you agree or disagree with the following statement.
Total outlay method is one of the methods of measuring Elasticity of Demand.
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Write short answer for the following question :
Functions of Entrepreneur
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Explain the role of the money market in India.
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Choose the correct option:
Export trends of India’s foreign trade include:
- Engineering goods
- Gems and Jewellery
- Textiles and ready-made garments
- Gold
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Explain the trend in India's imports.
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Explain the recent trends in India’s exports.
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State with reason whether you agree or disagree with the following statement:
When the price of Giffen goods falls, the demand for it increases.
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Distinguish between Trends in imports and Trends in exports of foreign trade
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