File Details:

{"file_name":"bca-3-sem-business-economics-bca-304n-dec-2015.pdf","subject":"Business Economics","exam_year":"2015","language":["English"],"time_allocated":"3 Hours","maximum_marks":70}

Questions:

  1. Explain the three basic economic problems with the help of the Production Possibility Curve (PPC).
  2. What is the law of supply? Explain.
  3. What is Business Economics? Define and explain.
  4. State the functions of WTO.
  5. Distinguish between Micro Economics and Macro Economics.
  6. What is the law of demand? Explain.
  7. Write a short note on unemployment.
  8. What is the income elasticity of demand? Explain.
  9. State the objectives of multinational corporations.
  10. Explain the law of variable proportions with the help of a suitable diagram.
  11. Describe the circular flow of income with the help of a suitable diagram.
  12. Explain the different types of price elasticity of demand.
  13. Explain price determination in a monopoly market with the help of a suitable diagram.
  14. Distinguish between perfect competitive and imperfectly competitive markets.
  15. Explain demand-pull and cost-push inflation.
  16. Discuss the different phases of a business cycle.
  17. What are the three approaches to measure national income? Discuss.
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