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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
- Discuss the central problems of an economy.
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- What do you mean by the production possibilities of an economy?
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- What is a production possibility frontier?
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- Discuss the subject matter of economics.
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- Distinguish between a centrally planned economy and a market economy.
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- What do you understand by positive economic analysis?
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- What do you understand by normative economic analysis?
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- Distinguish between microeconomics and macroeconomics.
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- What is meant by economy?
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- What is economics?
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- Why does an economic problem arise?
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- What gives rise to an economic problem?
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- Why does the problem of choice arise?
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- State two features of resources that give rise to an economic problem.
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- Which type of science is economics?
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- What is the basic reason for economic problem in all economies?
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- What is meant by economising of resources?
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- What is meant by central problem of an economy?
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- What does a rightward shift of production possibility curve indicate?
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- Give two examples of growth of resources.
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