Economics Assignment - dav international school

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Econornicsr Assignlnellt '[*'io
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Class - XItr
Ch-i(In'troductionr)
tlt. Whai is anLcr'r'eeonornics altr about?
rQ2. DeXine ffitacrrileconc'mics.
,{13.
Is the stucly of cotton textile industry a fioacrocaonomis
str"r'Sy?
Ex'irlain it'
j"'
arld rnacroeconornrics'
Q4" Distinguish bretween rnicro
and normative e'eonornics.
Q5. Distirrguish, tretween positive
of eoonornics"
Q5, Discnss hlie{ly the subject maLter
Q7 De.Erae &fl rlclrlomy;.'
Q8. \Vhat is.nia'rlret econolrl)/?
ffir
(r9 Wtry etro on""311q3niic problem
What is
fu'ee er;onomy?
arise?
ctroice'
Q10. Give twu re$sons for the prrobtrem of
S/hy do we need
eX t.\&Ileat isi lr*eant hy econoruLizing the resources?
t
it?
t
considered as ineffieielrt?
e112. \N,rhenare,the allocal.iern of the resources
of tecturique.(F{iiat:F{ow to prtlcltlee)
el j.Explahr
ri6e central problem of,ehoice
el4. Explain
ille,central problem of clistribution eif,ineorne (F{int: For whortt
t<:
prc'ducr;)
QtS"Define
FT:'F.
Explain it by eliagram.
Qlo. fi&y FFtl ls concave?
resources remain unemployect
activities, horx, FF'C is aff'ected?
et7.\Iiheu
sc,m.e
clr.le
to depressic,n in e eonory;ic:
()tE. FIow is IIPC af'fected w-he.n manpower resources and natunal
n"esouroes
ber:orne soarce due to nafural calamity?
Q1E. Calcutrate
of
hllRl
and NXOC f,rom the fbllowing data and also predict tXp shape
PPC
d"Sqgzuq s sibll iti e s
1 tlhirts(millirms)
Eou
Mobriles(1009
:l
ffio-re
flUimn&q
Q1
Q2.
il3.
(luest[mm;s: Are$;we[ fffi tsmc* otr hffo'serll;emcr$s;
l-)efine the terrns utilitY.
Stater the lairu o1'dimini:shing $ri*l"gil-ial utility.
Qrl..
n5,
Q6.
What i*; carclinan and orclinal urtility?
How is totai utility derirred frorrr t"nat'gina! Lttility'i'
Del1ne indifferr:nce rnap
Wl"rat isi hruclget consl.rilint?
Tl-.tRHH/F1ffif..iFR tu{XAy(RI$ Q[-lE$TEOP{S:
e7
Q8.
eS.
Q10.
ltr\t 6i0..,r1} \&r$Fql$"}$
Hxplilin horr.,r Cc,nsurner's Equilihrium is obterinerd rruheln trre buys two r:;orlrrnodities according
to ulilitlr approach.
what is; incJifferr,rrrce curve? [:xplairr tts r:hari:lctri:rlstics.
'JVith the hel;:r orl a cli;agrarn explain uvhy Marginal rate r:f sr:hstitutiorr lalls continurrusely.
E:<plairr marliet rate tf Exchange wlth the htlllp r:f a scherd"tle.
SfrH MARKI$
Q11
r&hl$WEtt
QUHS-['[$I{$: A.F'ISWER lN {00-120 WOFIID$
State arrci explerin th,a r;ondition for i:ol-rs;ul1.lel''s e,:luilibriurtt wh,3n he l)u"'rs only one
{
i:ornrrtcrditY, tts;ing cliaErarn'
equalto the
Fcr a consufliter to be in equilihriunrrwhy rnLtsit l\/liarginal Rate of :lubertitution be
ratio of Prices cf two gr:ods?
ij13. (a; What doe,s #r point an Sudrgert lirre irrrlical:,el in telrms crf llrices?
pnices Of
(b) F, cr:nsurn€)r con$umes only 2 gelctrJti X ernd Y. l"le,r n'lone)/ ilncortlfir ir:i Rs.24l- and
goocls X and )/ Bre F{s 4/- ancl t{s"2/- respreq;{iv$1"'
e12
AtuSyyER Ttl E F C L.LCil,Vt NG QUESTI'ONS;
.Y,i
(i) C;an,the C:C,l^t$Uffl€I afford ia irun.Jle 4i }l arrd 5 l]xplain
(ii) What will ber the MIlSxv lvhen ttre consumer is in eqtrilibrium? Erplain
tine ir; rjilllbrent f'rom l:udget set
e.14. Define budget iine. Why, does it slope downurarel? iHow bucllget
r*;<prlerin
ancJ budget c;c,nstraintir Use numerical ilh.rstriatiorr t'l
nArV Imternatioma! $e;hool, Asr
Economies l\ssiSnntent fldo
"i:L
flass Xlf, {Theory of Elemsnd}
CXlt" Dl{f,,es"er"l'Li;lte
F:e'tween rnarket denrand and inr.lividuaI e$eriranel.
Q2.\A/hat rs fln$'enrnr gocld?
Q3" Dlstinguist'r lretween increase !n demand and decrease
,Q4. l'lotsr is ,iemamd -:fra
flrr
demand.
comrnodity affected by c[ranges in the price of rclarted
;3oocls?
t]5. \ffherr does a consurller buy less clf a comrnodity at a givelgl price?
(f,6. \fdhen eleres a dernand cltr"ve
t]'7.
fr^{ornr
wii i
a nr
[ncrease
inr
sliift?
the priee of cr:ffer: affect the cierna nd f'or" tea ?
(18. \t/hV is <l*rnalrd curve negatlvely sfoped?
{},9" frixplain'il'lei rightware{
shift of denrand curve.
(1.1fi.
Wherr :{oes a dermancl curve shifEs leftward?
ffi.I1.
Sf
ara'me ilir''l\r
four cte{:enrninants of individuaf dernand,
Ct12" Wl"rat ane suhstitu.lte goods and comptrementary goods?
e113"
Whern;l gr:ad is called inllerion?
elL4.
"La.rru
ul'qJemand !s a qua!iltative statement,," eomment
ci15. Distie,gr,rislr fi:etweem decnease in demancl and contnactlonn
fi,16" What ar"e nerrnnalgoods? Give examples.
i
I
DAV J[mtermationmt $ichoot,
Asn"
Saomomics .&ssigur'Emerat ttie'
Ctlrss IKM (ffiI*sticity
{',
cof }-)ermamc$)
of dernarlcl a,d' e]ast'icitli of clema'md"
r?1" Give the c[ilTerenr;e befr'veen lar'v
at'fet[fuig price elasticity CIf demamd'
Q,?.ll(aure any fb'"lr factors
demrand?
is tiie strape of perfectly inelastio
{*r3.
$/hat
(t4, Llraw
r-lilir[a.ry
reflect?
elastic demancl" What ctoes it
(}5,Hclr,vdot:sttienatu,recfco.nntnodi'tyinftuer'l*eitsetrnstiai{g.,r
elastici{y of el,emanr}.
percefltage nrfithc]d to measure ilrice
I
.l*e,:*,*ses
clernnrtel
flte
unit',
good rises frrlm Rs. 46 to Rs 511 Srer
Q7. If a pr.i'cn of
priue elasticity"
{ronr 30 units t',1iS units' Cal*utrate
(}6,
I}isgr.r,ss ttrr;:
r]8.
trixptrairr a]l the degrees
of'elasticity of
demrureJ'
t}9.l*xpla'inl$la,gramrnati,calltr,gerrr:rret,ri'cmethc,Elofprioeelastieity"
,Q10" Wherr ct*unand
for a octwunoctity is e,alled elastie?
Qtt.Wtrerrisd.emancl:fbractrrlrncldi.tysaiiltoxleine}astic?
Qt2.Explainlfuerlarir:tlst.actorsa,ffectingelas,fiicisrofdenratal.'