Question

1. How do we deal with economics as a normative economics?
2. Why do we have economic problems?
3. Give one difference between the Cardinal and ordinal measurement of utility?
4. RAM is a lover of eating Samosa is costing rupees 10 each. He eats 4 samosa and his MU is 40. Further the MU of one rupee is 3. Should he eat more Samosa or should he stop?
5. The aggregate of data is called .
A. Collection of data
B. Presentation of data
C. Statistics
D. All of these.
6. A producer is one who .............. goods and services for the generation of income. ( produces / consumes)
7. Primary data in was more time and more expenses (true / false)
8. Which method is useful for small size of Investigation. (Census / sample)
9. Write two characteristics of good classification.
10. How will you define statistical tool?
11. Write the difference between a questionnaire and schedule?
12. Does the lottery method always give you a random sample explain?
13. How do the movement along the demand curve is different from the shift in the demand curve. use diagram only to explain?
14. Why do the indifference curve is convex to the origin ? use a diagram.
15. What are the central problems in the economy ? How will you deal with the problem regarding the techniques of production?​

Answer 1

Hi u can learn about these topics by visiting the youtube channel -ECONOMICS ON YOUR TIPS... playlist name-MICRO ECON9MICS COMPLETE COURSE..