1. Answer all the questions :-
a) Market supply curve is the vertical summation of individual
supply curves. T/F.
b) The policy of non-intervention of government in economic
activities is known as
policy
c) What is the complementary form of oligopoly known as?
d) The first stage of dialectical materialism is slavery. T/F
e) Capital is not reproducible. T/F.
f) If environment is polluted due to steel production, then the
social cost of steel production will be its private cost.
g) Principles of Economics is written by
h) Fill up : AVC =
1) Mother cooks food for her children. What type of activity is
it?
j) The price at which demand is equal to supply is known as
price.
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