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Questions:

1. What do you understand by demand?
2. What are the main causes of inflation?
3. Define monopoly.
4. What are the phases of business cycle?
5. Define the functions of WTO.
6. What are the main reasons of unemployment in India?
7. What are the various sources of foreign capital flows in India?
8. What is elasticity? How can it be measured?
9. What are the major advantages and disadvantages of globalization?
10. What are internal and external economies and diseconomies of scale?
11. Describe the price-output equilibrium under perfect competition in long run.
12. What are the various methods of measuring national income?
13. How do you define a multinational corporation? What are the social, political, economic and cultural effects of MNCs on the host countries?