- Micro and macro approaches are _________________________ to each other. (Competitive, complementary, substitute, rival)
- __________is the desire backed up by ability to pay and willingness to pay for it. (Demand, Want, Commodity, Utility)
- The income of government through all sources called ____________________ (Public debt, Public expenditure, Public revenue, public taxation)
- Individual supply is a ___________________ economic variable. (Macro, Producer, Micro, Firm)
- Macro Economist was well explained by economist. (Marshall, Robbins, Adam Smith, J.M. Keynes)
- Reservation price of perishable goods is generally high
- Refrigerator in restaurant is capital goods.
- Macro economics studies the economy in its totality.
- Paper money economises on the use of precious metals.
- Free entry is an essential but not a sufficient condition of perfect competition.
- ‘Principles of Economics’ is the celebrated book of:
- Electricity has a composite demand:
- Monopolistic is a Price-maker and not a price taker.
- Labour cannot be stored:
- Monopoly of Note-issue of the Central Bank is its:
Group A | Group B |
1. Point of Satiety 2. General Price Level 3. Perfect Competition 4. Variable Cash Reserve Ratio 5. Public expenditure greater than public revenue |
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- Define Microeconomics
- Explain, with example, the term Utility
- Define Price Elasticity of Demand
- Define Cash Reserve Ratio
- Explain the concept of Gross National Product. (GNP)
- Define Consumption Function
- State the definition of Central Bank.
- What do you mean by Credit Cards.
- Salt has inelastic Demand.
- Selling cost is an important component in Perfect competition.
- Macroeconomics is based on too much assumption.
- As the income increases, Consumption also increases
- Functional budgeting of government is more important than balanced budgeting.
- Labour can be stored
- Today, barter system is in backward countries
- Demand and Desire are one and the same.
- Why Monopolistic competition does have product differentiation?
- Is demand and Desire the same thing? Explain with an example.
- Why is competitive firm a ‘Price-taker?
- Give Reason why labour can not be stored/
- Why has the Popularity of Macroeconomics increased?
- Why is income from illegal activities not included in the national product?
- Why the concept of balanced budget is is called as an ‘Ideal Concept’?
- Why does land lacks mobility?
- State and Explain the Law of Supply
- Explain with illustration, the Income method of Measuring National Income?
- Describe the Various Function Of Money?
- What are the Types of Price Elasticity of Demand?
- Features of Microeconomics
- Exception to the Law of Demand
- Geffen Paradox
- Kinds of Investment
- At the point of satiety, Total utility is at its maximum
- Demand Curves Sloes downwards from left to Right.
- AD is influenced by C+I+G+E
- Define and Explain the Function of Central Bank?
- Explain the Different measures of measuring National Income?
- Explain the law of demand? And it exemption?