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difference between microeconomics and macroeconomics
HOW TO SOLVE CENTRAL PROBLEMS OF ECONOMY?
give two examples of microeconomic and macroeconomics studies?
'' scarcity is the root cause of economic problem''.explain 3mm
what is the difference between MRS(marginal rate of transformation), MRS(marginal rate of substitution), MOC(marginal opportunity cost)?
what is meant by economising of resources?
the subject matter of economics.
write any 4 properties of ppc?
explain how scarcity and choice go together
can two ppc ever intersect/cut each other?
What is meant by alternative uses of resources? Give Examples.
explain why it is said that economic growth is a race between depletion and invention ?
economic slow down in some parts of the world has adversely affected demad for indian exports. what will be it's effect on ppf of india?
between a centrally planned economy and a market economy.
why is ppc downward sloping from left to right?
Can PPC be a straight line and when?Explain with an example
difference between import duty and customs duty
does massive unemployment shift the ppc to the left..?
Explain the concept of marginal opportunity costs by giving a numerical example.
'An economy always produces on, but not inside a PPC. Defend or Refute.
A lot of people die and many factories were destroyed because of severe earthquake in a country . how will it affect the country's ppc. expain
what are the three central problems of an economic? explain in detail.....?
Difference between Intermediate goods and Capital Goods? (3m)
why does the problem of choice arise?
why do problems related to allocation of resources in an economy arise? Explain.
"economics is about making choices in the presence of scarcity." explain.
How are microeconomics & macroeconomics interdependent? Explain with an example.
What does macroeconomics theory deal with? Give examples.
state in brief the problem of fuller utilisation of resources
Explain how a production possibility curve is affected when resources are inefficiently employed ain an economy ?
What do you understand about the term renaissance? Discuss in 250 words
why does an economic problem arise
what is the difference between positive and normative economy ? explain.
"Massive unemployment will shift the PPC to the left", defend or refute
why is there a need to economize resources?
why ppc curve is also called opportunity cost curve
the government has started promoting foreign capital. what is the economic value in the context of ppf
What do you mean by production possibilities of an economy?
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