Tamil Nadu Board of Secondary EducationHSC Arts Class 11

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 1 - Introduction to Micro Economics [Latest edition]

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Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 1 - Introduction to Micro Economics - Shaalaa.com
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Solutions for Chapter 1: Introduction to Micro Economics

Below listed, you can find solutions for Chapter 1 of Tamil Nadu Board of Secondary Education Tamil Nadu Board Samacheer Kalvi for Class 11th Economics Answers Guide.


Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Model Questions - Part A [Pages 21 - 23]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 1 Introduction to Micro Economics Model Questions - Part A [Pages 21 - 23]

Multiple Choice Questions

Model Questions - Part A | Q 1 | Page 21

‘Economics is a study of mankind in the ordinary business of life’ -It is the statement of

  • Adam Smith

  • Lionel Robbins

  • Alfred Marshall

  • Samuelson

Model Questions - Part A | Q 2 | Page 21

The basic problem studied in Economics is

  • Unlimited wants

  • Unlimited means

  • Scarcity

  • Strategy to meet all our wants

Model Questions - Part A | Q 3 | Page 21

Microeconomics is concerned with

  • The economy as a whole

  • Different sectors of an economy

  • The study of individual economic units behaviour

  • The interactions within the entire economy

Model Questions - Part A | Q 4 | Page 21

Which of the following is a microeconomics statement?

  • The real domestic output increased by 2.5 percent last year

  • Unemployment was 9.8 percent of the labour force last year

  • The price of wheat determines its demand

  • The general price level increased by 4 percent last year

Model Questions - Part A | Q 5 | Page 21

Find the odd one out:

  • “An inquiry into the nature and the causes of the Wealth of Nations”

  • “Principles of Economics”

  • “Nature and Significance of Economic Science”

  • “Ceteris paribus”

Model Questions - Part A | Q 6 | Page 21

The equilibrium price is the price at which

  • Everything is sold

  • Buyers spend their money

  • Quantity demanded equals quantity supplied

  • Excess demand is zero

Model Questions - Part A | Q 7 | Page 21

Author of “An Inquiry into the Nature and Causes of Wealth of Nations”

  • Alfred Marshall

  • Adam Smith

  • Lionel Robbins

  • Paul A Samuelson

Model Questions - Part A | Q 8 | Page 21

“Economics studies human behaviour as a relationship between ends and scarce means which have alternative uses” is the definition of economics of

  • Lionel Robbins

  • Adam Smith

  • Alfred Marshall

  • Paul A Samuelson

Model Questions - Part A | Q 9 | Page 22

Who is the Father of Economics?

  • Max Muller

  • Adam Smith

  • Karl Marx

  • Paul A Samuelson

Model Questions - Part A | Q 10 | Page 22

“Economics is a science” The basis of this statement is —

  • Relation between cause and effect

  • Use of deductive method and inductive method for the formations of laws

  • Experiments

  • All of the above

Model Questions - Part A | Q 11 | Page 22

Utility means

  • Equilibrium point at which demand and supply are equal

  • Want-satisfying capacity of goods and services

  • Total value of commodity

  • Desire for goods and services

Model Questions - Part A | Q 12 | Page 22

A market is

  • Only a place to buy things

  • Only a place to sell things

  • Only a place where prices adjust

  • A system where persons buy and sell goods directly or indirectly

Model Questions - Part A | Q 13 | Page 22

Which one of the following is not a point in the Welfare Definition of Economics?

  • Study of an ordinary man

  • Economics does not focus on wealth alone

  • Economics is the study of material welfare

  • Economics deals with unlimited wants and limited means

Model Questions - Part A | Q 14 | Page 22

Growth definition takes into account

  • The problem of choice in the dynamic framework of Economics

  • The problem of unlimited means in relation to wants

  • The production and distribution of wealth

  • The material welfare of human beings

Model Questions - Part A | Q 15 | Page 22

Which theory is generally included under micro economics?

  • Price Theory

  • Income Theory

  • Employment Theory

  • Trade Theory

Model Questions - Part A | Q 16 | Page 22

______ have exchange value and their ownership rights can be established and exchanged

  • Goods

  • Services

  • Markets

  • Revenue

Model Questions - Part A | Q 17 | Page 22

Identify the correct characteristics of utility

  • It is equivalent to ‘usefulness’

  • It has moral significance

  • It is same as pleasure

  • It depends upon consumer’s mental attitude

Model Questions - Part A | Q 18 | Page 23

Who has given scarcity definition of economics?

  • Adam Smith

  • Marshall

  • Robbins

  • Robertson

Model Questions - Part A | Q 19 | Page 23

The process of reasoning from particular to general is

  • Deductive method

  • Inductive method

  • Positive economics

  • Normative economics

Model Questions - Part A | Q 20 | Page 23

Total revenue is equal to total output sold multiplied by

  • Price

  • Total cost

  • Marginal revenue

  • Marginal cost

Model Questions - Part B [Page 23]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 1 Introduction to Micro Economics Model Questions - Part B [Page 23]

Answer the following questions in one or two sentences

Model Questions - Part B | Q 21 | Page 23

What is meant by Economics?

Model Questions - Part B | Q 22 | Page 23

Define microeconomics.

Model Questions - Part B | Q 23 | Page 23

What are goods?

Model Questions - Part B | Q 24 | Page 23

Distinguish goods from services.

Model Questions - Part B | Q 25 | Page 23

Name any two types of utility.

Model Questions - Part B | Q 26 | Page 23

Define positive economics.

Model Questions - Part B | Q 27 | Page 23

Give the meaning of deductive method.

Model Questions - Part C [Page 23]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 1 Introduction to Micro Economics Model Questions - Part C [Page 23]

Answer the following questions in one paragraph

Model Questions - Part C | Q 28 | Page 23

Explain the scarcity definition of Economics and assess it.

Model Questions - Part C | Q 29 | Page 23

What are the crucial decisions involved in ‘what to produce?’

Model Questions - Part C | Q 30 | Page 23

Explain different types of economic activities.

Model Questions - Part C | Q 31 | Page 23

What are the different features of services?

Model Questions - Part C | Q 32 | Page 23

What are the important features of utility?

Model Questions - Part C | Q 33 | Page 23

Distinguish between microeconomics and macroeconomics.

Model Questions - Part C | Q 34 | Page 23

Compare positive economics and normative economics.

Model Questions - Part D [Page 24]

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide Chapter 1 Introduction to Micro Economics Model Questions - Part D [Page 24]

Answer the following questions in about a page

Model Questions - Part D | Q 35 | Page 24

Compare and contrast various definitions of Economics.

Model Questions - Part D | Q 36 | Page 24

Explain various Steps of Deductive and Inductive Methods.

Model Questions - Part D | Q 37 | Page 24

Elaborate the nature and scope of Economics.

Model Questions - Part D | Q 38 | Page 24

Explain basic problems of the economy with the help of production possibility curve.

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Solutions for Chapter 1: Introduction to Micro Economics

Model Questions - Part AModel Questions - Part BModel Questions - Part CModel Questions - Part D
Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 1 - Introduction to Micro Economics - Shaalaa.com

Tamil Nadu Board Samacheer Kalvi solutions for Class 11th Economics Answers Guide chapter 1 - Introduction to Micro Economics

Shaalaa.com has the Tamil Nadu Board of Secondary Education Mathematics Class 11th Economics Answers Guide Tamil Nadu Board of Secondary Education solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Tamil Nadu Board Samacheer Kalvi solutions for Mathematics Class 11th Economics Answers Guide Tamil Nadu Board of Secondary Education 1 (Introduction to Micro Economics) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.

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Concepts covered in Class 11th Economics Answers Guide chapter 1 Introduction to Micro Economics are Micro Economics, Meaning of Economics, Nature of Economics, Scope of Economics, Basic Concepts in Economics, Economics: Its Method, Facts, Theories and Laws, Economics: Its Sub Divisions, Economics: Its Types, Basic Economic Problems, Production Possibility Curve.

Using Tamil Nadu Board Samacheer Kalvi Class 11th Economics Answers Guide solutions Introduction to Micro Economics exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Tamil Nadu Board Samacheer Kalvi Solutions are essential questions that can be asked in the final exam. Maximum Tamil Nadu Board of Secondary Education Class 11th Economics Answers Guide students prefer Tamil Nadu Board Samacheer Kalvi Textbook Solutions to score more in exams.

Get the free view of Chapter 1, Introduction to Micro Economics Class 11th Economics Answers Guide additional questions for Mathematics Class 11th Economics Answers Guide Tamil Nadu Board of Secondary Education, and you can use Shaalaa.com to keep it handy for your exam preparation.

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