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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
- 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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- Give two examples of underutilisation of resources.
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- Define Opportunity Cost.
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- Give the meaning of 'Opportunity Cost'.
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- Define Marginal Rate of Transformation (MRT).
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- Why PPC is concave to the point of origin?
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- Define microeconomics.
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- Give the meaning of macroeconomics.
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- Give one/two examples of microeconomics study.
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- Name any three variables of microeconomics.
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- Name any three variables of macroeconomics.
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- State any two central problems under 'problem of allocation of resourc...
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- The law of scarcity
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