Principles of Economics Long Questions Guess Paper 11th Class 2015


Principles of Economics Long Questions Guess Paper 11th Class 2015

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Important Questions of Principles of Economics

  • Discuss the characteristics of economics laws
  • Discuss the subject matter of economics
  • Economics is the science of unlimited wants and limited means. Discuss
  • Write the definition of economics given by Professor Robbins. Also write down its merits and demerits
  • Make a comparative study of the definitions of economics as given by Prof. Robbins and Prof. Marshall
  • Define economics narrated by Marshall. Describe the merits of the definition also
  • Describe the law of Diminishing Marginal Utility with the help of table and diagram
  • Discuss the assumptions and limitations of Diminishing Marginal Utility
  • Explain Law of Equi-Marginal Utility with the help of table and diagram
  • Express arc elasticity of demand and point elasticity of demand
  • Explain the concepts of point and arc elasticity of demand
  • Describe only two methods of elasticity of demand
  • Explain measurement of elasticity of supply/demand
  • Explain elasticity of demand. Discuss the practical importance of elasticity of demand
  • Describe the Law of supply. Explain it with the help of table and diagram
  • What is meant by the elasticity of supply? Write two methods of measurement
  • Describe the law of increasing return or decreeing return and explain it by table and diagram
  • Explain law of diminishing return with the help of schedule and diagram
  • Describe the Law of variable proportions. Explain it with the help of table and diagram
  • Explain the Equilibrium of the firm under perfect competition in the short run
  • Explain the balance of firm under monopoly
  • Explain firm’s equilibrium under monopoly
  • Explain the circular flow of national income with the help of model
  • Describe the importance of the study of national income
  • What is meant by national income? Describe the various methods of measuring national income
  • Describe the causes of inflation and what steps are taken to control the inflation?
  • What is meant by inflation? What are the effects of inflation on various groups of a society?
  • Write the reason of deflation
  • Explain the sources of public revenue
  • What is meant by tax? Explain the canons of taxation, and also explain direct and indirect taxes
  • What is the difference between Zakaat and Tax
  • Explain the law of demand with help of scheduler and diagram and also explain its exceptions
  • Explain the extension and contraction rise and fall of supply with the help of schedule and diagram
  • Explain the concept of rise and fall in demand with the help of diagram
  • Explain Quantity theory of money
  • Define the function of money
  • Write the advantages and disadvantages of international trade
  • State importance of international trade
  • What is the difference between national and international trade?
  • Explain the barter system and its problem
  • Explain the theory of marginal productivity
  • Difference between balance of trade and balance of payment
  • Describe the reasons of deficit in balance of payments
  • Explain Public and private finance
  • Discuss the resources of income of government / State sources of public revenue
  • How is market equilibrium established with the help of demand and supply? Explain with the help of schedule and diagram
  • Explain the long run equilibrium of firm with the help of diagram under monopoly
  • Explain land and labor as a factor of production
  • Explain the characteristics of labor
  • Define the Trade Cycle. Discuss its characteristics in detail
  • Discuss the subject matter of economics
  • Critically examine the marginal productivity theory of factor pricing
  • Derive the long run marginal cost curve
  • What is meant by monopoly? How is price and quantity of output determined under monopoly?
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  1. this guess for english medium student .. i need it in urdu

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