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Class 12 CBSE 12th Board 2018 : Economics

10 pages, 11 questions, 0 questions with responses, 0 total responses,

Devesh Prajapati
St. John's College, Agra
MA Economics

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Date :Day:- Tuesday General instruction:Attempts all the questions. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. UNIT I Revision Paper I Economics (030) Marks :- 30 Timing :- 1 hrs Define scarcity. Give the meaning of micro economics. Give one example each of micro economics and macro economics. Unemployment in India is a subject matter of Microeconomics or Marco economics, give reason. Draw a production possibility curve and mark the following situations: i) Under utilization of resources ii) Full employment of resources iii) Growth of resources Distinguish between micro economics and macroeconomics. At certain level of output, the marginal cost of a firm is above its marginal revenue Can this be its equilibrium output? Why does an economic problem arise? Explain. Explain the problem of What to produce with the help of an example. Define opportunity cost with the help of an example, how does it differ from marginal opportunity cost. Explain any two main features of a centrally planned economy 1 1 1 1 3 3 4 4 4 4 4

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