- Messages
- 209
- Reaction score
- 43
- Points
- 28
Selected Questions : Economics
Q1 a explain wht is meant by resources
B explain the link between scarcity , choice and opportunity cost
C discuss which economic system is best to allocate resources
D explain tertiary,secondary , primary sectors and discuss which industry is most important to developed countries and why?
Q2 a distinguish with examples between fixed and variable costs
B wht is meant by profit maximization and ho can firm maximize its profits
C why do some firms remain small
D describe internal and external economies
Q3 a discuss whether division of labour always bring advantages to firms workers and consumer
B how do firm grow in size?
C describe the integratons and relate which is most important
D differentiate btw specialization and diversification
Q4 a wht are multi nationals n discuss are they always beneficial for the host country?
B how a multinational gets advantages over exporters
C explain wht is meant by privatization or nationalization
D explain different type of organization in private sector and which organization is most common in developed countries/
Q5 a discuss wht factors will influence demand for laptops
B explain effect of indirect tax on its market and its compliment market
C explain how is equilibrium set in market and discuss how might it change
D wht is meant by minimum and maximum price scheme and discuss when each of them will be effective
Q6 a explain wht is meant by P.E.D,y,Y.e.d , and x.e.d
B discuss how the concept of elasticites are helpful toh business to decide its strategies
C discuss whether the demand for product is elastic or inelastic
D explain wht determine price elasticity of demand
Q7 explain the meanings of social costs and benefits
Bexplain how does govt decide whether or not to build a airport ,motorway etc
C explain why govt provide some goods n services but not all goods n services
D explain how govt can influence private sector
Q8 a distinguish btw indirect n direct taxes
B Discuss the effects of changes in tax structure frm indirect to more direct taxes
C distinguies btw proportional regressive n progressive taxes
D why do govt impose taxes
Q9 wht is trade union n describe its functions
B explain factors for wage differentials
C discuss the factors that might effect the choice of persons occuapation
Dexplain functions of money and discuss why it is better than barter
E explain how inflation affects functions of money
Q10 wht motives influence on individuals decision of spending and saving
B wxplain wht is meant by Gdp n Gnp
C discuss why gdp is not an accurate measure of standards of living
D explain different types of unemployment
Q11 a how unemployment can be controlled
B why govt aims for low inflation
C discuss whether conservation is better than exploitation of resources
DC wht is meant by economic growth and how govt can achieve the aim of eco growth
Q12 wht is meant by inflation
B how is it measured
C wht causes inflation
D discuss problems of inflation accurately
Q13 a how BOP accounts are arranged
B why BOP deficit is harmful
C how can deficit be corrected
D how is exchange rate determined in floating rate system
Q14 how can domestic industries be protected frm foreign competition
B discuss whether free trade is beneficial
C distinguish btw quota n tarrif
D wht is protectionism
Q15 a explain the different size , age and occupational structure of population btw develop n developin country
B wht causes pop to grow
C explain the effects of increase in size of population
Q1 a explain wht is meant by resources
B explain the link between scarcity , choice and opportunity cost
C discuss which economic system is best to allocate resources
D explain tertiary,secondary , primary sectors and discuss which industry is most important to developed countries and why?
Q2 a distinguish with examples between fixed and variable costs
B wht is meant by profit maximization and ho can firm maximize its profits
C why do some firms remain small
D describe internal and external economies
Q3 a discuss whether division of labour always bring advantages to firms workers and consumer
B how do firm grow in size?
C describe the integratons and relate which is most important
D differentiate btw specialization and diversification
Q4 a wht are multi nationals n discuss are they always beneficial for the host country?
B how a multinational gets advantages over exporters
C explain wht is meant by privatization or nationalization
D explain different type of organization in private sector and which organization is most common in developed countries/
Q5 a discuss wht factors will influence demand for laptops
B explain effect of indirect tax on its market and its compliment market
C explain how is equilibrium set in market and discuss how might it change
D wht is meant by minimum and maximum price scheme and discuss when each of them will be effective
Q6 a explain wht is meant by P.E.D,y,Y.e.d , and x.e.d
B discuss how the concept of elasticites are helpful toh business to decide its strategies
C discuss whether the demand for product is elastic or inelastic
D explain wht determine price elasticity of demand
Q7 explain the meanings of social costs and benefits
Bexplain how does govt decide whether or not to build a airport ,motorway etc
C explain why govt provide some goods n services but not all goods n services
D explain how govt can influence private sector
Q8 a distinguish btw indirect n direct taxes
B Discuss the effects of changes in tax structure frm indirect to more direct taxes
C distinguies btw proportional regressive n progressive taxes
D why do govt impose taxes
Q9 wht is trade union n describe its functions
B explain factors for wage differentials
C discuss the factors that might effect the choice of persons occuapation
Dexplain functions of money and discuss why it is better than barter
E explain how inflation affects functions of money
Q10 wht motives influence on individuals decision of spending and saving
B wxplain wht is meant by Gdp n Gnp
C discuss why gdp is not an accurate measure of standards of living
D explain different types of unemployment
Q11 a how unemployment can be controlled
B why govt aims for low inflation
C discuss whether conservation is better than exploitation of resources
DC wht is meant by economic growth and how govt can achieve the aim of eco growth
Q12 wht is meant by inflation
B how is it measured
C wht causes inflation
D discuss problems of inflation accurately
Q13 a how BOP accounts are arranged
B why BOP deficit is harmful
C how can deficit be corrected
D how is exchange rate determined in floating rate system
Q14 how can domestic industries be protected frm foreign competition
B discuss whether free trade is beneficial
C distinguish btw quota n tarrif
D wht is protectionism
Q15 a explain the different size , age and occupational structure of population btw develop n developin country
B wht causes pop to grow
C explain the effects of increase in size of population
