Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 1 - Introduction to Micro and Macro Economics [Latest edition]
Q.1. Choose the correct option
Q.3 Identify and explain the concept from the given illustration
1. Gauri collected the information about the income of a particular firm.
2. Ramesh decided to take all decisions related to production, such as what and how to produce?
3.Shabana paid wages to workers in her factory and interest in her bank loan
Q.4. Answer the following
Explain the features of Micro Economics
Explain the importance of Macro economics.
Explain the scope of Macro economics.
Q.5. State with reason whether you agree or disagree with the following statement
1. The scope of micro economics is unlimited
2. Macroeconomics deals with the study of individual behaviour
3. Macroeconomics is different from microeconomics
4. Micro economics uses slicing methods
5. Micro Economics is known as income theory
Q.6. Write short note
1. Importance of microeconomics ?