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ICSE Board Exam 2007 : Economic Applications

6 pages, 51 questions, 51 questions with responses, 62 total responses,    0    0
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ECONOMIC APPLICATIONS (Two Hours) Answers to this Paper must be written on the paper provided separately. You will not be allowed to write during the first 15 minutes. This time is to be spent in reading the question paper. The time given at the head of this Paper is the time allowed for writing the answers. Attempt all questions from Part I and any four questions from Part II. The intended marks for questions or parts of questions are given in brackets [ ]. PART I (40 Marks) Attempt all questions from this Section. Question 1 (a) Define human capital. [2] (b) What is inflation? [2] (c) Give two reasons why monopolistic competition is the most realistic of a market. [2] (d) Savings is essential for capital formation. Explain. [2] (e) M ention two factors which have increased mobility of labour in times from rural to urban areas. [2] Question 2 (a) A farmer grows rice and wheat. How will an increase in the price of rice affect the supply of wheat? [2] (b) In which form of market is the seller a price taker? Justify your answer. [2]

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Additional Info : Solved ICSE Board exam paper study guide - ICSE 2007 : ECONOMIC APPLICATIONS - I.C.S.E. Free Online Question Paper
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