File Details:

Questions:

1. What are the central problems of an economy?
2. Differentiate between desire and demand.
3. Explain food availability decline theory or describe macroeconomics and its scope.
4. Define full employment, voluntary unemployment, and involuntary unemployment.
5. What is the investment multiplier? Explain with an example.
6. List the main functions of money.
7. Discuss the differences between direct taxes and indirect taxes.
8. What is the production possibility curve? Why is it concave to the origin?
9. State the law of demand. Why does the demand curve slope downward?
10. What do you understand by price elasticity of demand? What are the different types of price elasticity?
11. Explain the primary, secondary, and tertiary sectors of the economy or describe inflationary gap and reasons for excess demand.
12. Differentiate between central bank and commercial banks or explain fixed exchange rates and flexible exchange rates.