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Define or explain the following concept:
National income
Concept: Concept of National Income
Distinguish between Surplus budget and Deficit budget.
Concept: Types of Budget
Explain various reasons for the growth of public expenditure.
Concept: Public Expenditure > Reasons for Growth in Public Expenditure
Distinguish between internal debt and external debt.
Concept: Structure of Public Finance > Public Debt
State and explain the ‘law of demand’ with its exceptions.
Concept: Demand Curve and Its Slope
What is the elasticity of demand?
Concept: Elasticity of Demand
Distinguish between Desire and Demand.
Concept: Demand
What are the features of perfect competition.
Concept: Forms of Market
Define or explain the following concept:
National income
Concept: Concept of National Income
Distinguish between the following.
Standard coins and Token coins.
Concept: Money - Store of Value
Distinguish between Surplus budget and Deficit budget.
Concept: Types of Budget
Explain the subject matter of Micro Economics.
Concept: Features of Micro Economics
Meaning and Definition of Macroeconomics
Concept: Features of Macro Economic
Explain any four points of importance of Micro economics.
Concept: Importance of Micro Economics
Explain the law of diminishing marginal utility.
Concept: Diminishing Marginal Utility
Explain any four exceptions of the law of Diminishing marginal utility.
Concept: Law of Diminishing Marginal Utility
Distinguish Between:
Total Utility and Marginal Utility
Concept: Concepts of Utility
State the determinants of aggregate demand.
Concept: Concept of Aggregate Demand and Aggregate Supply
Explain the determinants of aggregate supply.
Concept: Concept of Aggregate Demand and Aggregate Supply
Give reasons or Explain the following statements.
All desires are not demand.
Concept: Change in Demand
