Principles of Economics Short Questions Guess Paper 11th Class 2015

 

Principles of Economics Short Questions Guess Paper 11th Class 2015

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Important Short Question of Principle of Economics

  • Write ways to measure the National Income
  • Write two measures to control inflation
  • Write two limitations of law of diminishing Marginal Utility
  • Write two disadvantages of International Trade
  • Write two differences between public finance and private finance
  • Write the four conditions of perfect competition
  • Write the four assumptions of marginal productivity theory
  • Write the formula for average revenue
  • Write the difference between personal income and disposable personal income
  • Write Robins definition of economics
  • Write names of phases of trade cycle
  • Write limitations of the law of equi-marginal utility
  • Write four main sources of public revenue
  • Write four main items of public expenditure
  • Write four limitations of Law of Marginal Diminishing Utility
  • Write four heads of public expenditures
  • Write four functions of money
  • Write four difficulties of barter system
  • Write four characteristics of trade cycles
  • Write four characteristics of land
  • Write four assumptions of Marginal Productivity Theory
  • Write four assumptions of Law of Supply
  • Write four assumptions of law of diminishing marginal utility
  • Write four assumptions of law of demand
  • Write four advantages of the study of Economics
  • Write drawbacks of deflation
  • Write down the types of supply in view of time period
  • Write down the definition of Economics according to Adam Smith
  • Write definition of Economics as given by Robbins
  • Write assumptions of monopolist firm
  • Write assumptions of law of increasing returns
  • Write assume pi ions of perfect Competition
  • Write any four steps to improve balance of payments
  • Write any four reasons of inflation
  • Write any four drawbacks of International Trade
  • Writ four characteristics of economic laws
  • Why the slope of demand curve is negative under monopoly
  • Why marginal revenue is equal to average revenue in situation of perfect competition
  • Why marginal revenue curve lies below the average revenue curve of a monopolist firm
  • Why has demand curve negative slope?
  • Why demand curve has negative slope Give two reasons
  • Which four facts of life has tell Robbins made basis of his definition of economics
  • When a firm tinder perfect competition does earns normal profit
  • When a Monopolist Firm lower down the price of its commodity
  • When a firm is in equilibrium
  • What is the tendency of supply curve?
  • What is the effect of inflation on salaried persons?
  • What is subsidy?
  • What is normal profit?
  • What is monopoly?
  • What is meant of Firm?
  • What is meant by regressive tax?
  • What is meant by zero utility?
  • What is meant by total revenue?
  • What is meant by total product?
  • What is meant by the law of increasing costs?
  • What is meant by the efficiency of labor?
  • What is meant by the costs of production of a firm?
  • What is meant by the balance of trade?
  • What is meant by surplus budget?
  • What is meant by short run period?
  • What is meant by Recovery or Revival?
  • What is meant by public finance?
  • What is meant by progressive tax?
  • What is meant by per capita income?
  • What is meant by Paper Money?
  • What is meant by normal profit?
  • What is meant by multiplier?
  • What is meant by metallic money?
  • What is meant by market price?
  • What is meant by market equilibrium?
  • What is meant by law of increasing cost?
  • What is meant by law of decreasing return?
  • What is meant by law of decreasing cost?
  • What is meant by law of constant cost?
  • What is meant by joint supply?
  • What is meant by infinite elasticity of supply?
  • What is meant by infinite elasticity of demand?
  • What is meant by indirect tax?
  • What is meant by implicit cost?
  • What is meant by economic problems?
  • What is meant by domestic (National) trade?
  • What is meant by current account of balance of payments?
  • What is meant by cross elasticity?
  • What is meant by consumer’s point of satiation?
  • What is meant by Consumer Behavior?
  • What is meant by composite demand?
  • What is meant by circular flow of National Income?
  • What is meant by Capital?
  • What is meant by Boom Phase of trade cycle?
  • What is meant by Barter System?
  • What is meant by balance of payments?
  • What is meant by average variable cost?
  • What is meant by accelerator?
  • What is meant by abnormal profit?
  • What is meant by a firm?
  • What is market supply?
  • What is extension and contraction of supply?
  • What is derived demand?
  • What do you mean by Arc Elasticity?
  • What are the objectives of the establishment of international Monetary Fund?
  • What are perishable goods?
  • What are economic wants?
  • State the relationship between total utility and marginal utility
  • State the meaning of labor
  • State Prof Marshall’s definition of National Income
  • State four sources of public revenue
  • State any two differences between Zakat and Tax
  • Make a diagram showing abnormal profit of a firm under perfect competition
  • In how many parts Adam Smith has divide his book wealth Of Nations
  • How firms enter under perfect competition
  • Express practical importance of the elasticity of supply,
  • Explain the meanings of Net-National product
  • Explain the Meaning of Net National Product
  • Explain the concept of disposable personal income
  • Explain standard metallic money
  • Explain deductive method
  • Enumerate two assumptions of competitive market
  • Enumerate factors that increase productivity of land
  • Economic laws are conditional, why
  • Draw average revenue and marginal under perfect competition
  • Distinguish between fall and contraction of demand
  • Differentiate between supply and stock
  • Differentiate between stock and supply
  • Differentiate between rises and fall in demand
  • Differentiate between real National Income and Nominal National income
  • Differentiate between pure competition and perfect competition
  • Differentiate between positive and normative science
  • Differentiate between fixed and variable costs
  • Differentiate between Extension and Contraction of Supply
  • Describe total expenditure method of measuring National Income
  • Describe four determinants of the changes in supply
  • Describe any two characteristics of the phase of boom of a trade cycle
  • Define utility
  • Define transfer payments
  • Define trade cycle
  • Define token money
  • Define the Equilibrium Price
  • Define positive economics with an example
  • Define point elasticity of demand
  • Define perfect competition
  • Define national income in the words of Prof Marshall
  • Define money in the words of Prof Walker
  • Define Micro Economics
  • Define marginal revenue
  • Define marginal productivity theory
  • Define marginal costs
  • Define law of increasing returns
  • Define law of decreasing returns
  • Define law of constant return
  • Define Knowledge
  • Define imports
  • Define Gross Domestic Product (GDP)
  • Define Exchange Rate
  • Define elasticity of supply
  • Define elasticity of demand
  • Define Economics according to Adam Smith
  • Define draft
  • Define deductive method of economic law making
  • Define complementary goods
  • Define average revenue and write its formula
  • Define average product
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