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Important Questions for "Microeconomics":

[1]

  1. In the take-off situation in any economy:
  2. The Radcliffe committee is concerned with the:
  3. The Real balance effect theory is postulated by:

[2]

  1. Differentiate between Microeconomics and Macroeconomics.
  2. Differentiate between change in demand and shift in demand.
  3. What are the causes of inflation on the demand side?

[3]

  1. What do you understand by microeconomics?
  2. Illustrate the circular flow of income in a two-sector economy.
  3. Explain the concepts of revenue deficit, fiscal deficit, and primary deficit in the Indian government budget.

[4]

  1. Which factors do not affect changes in demand?
  2. What is the consumption of fixed capital?
  3. Explain progressive taxation with merits and demerits.

[5]

  1. Describe the diminishing marginal utility theory.
  2. Describe the meaning of the deductive method.
  3. What are the main determinants of the elasticity of demand?

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