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![SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 1 - Introduction to Micro and Macro Economics - Shaalaa.com](/images/economics-english-12-standard-hsc_6:5f2b1b2038084cf381bfa42c826a928c.jpg "SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 1 - Introduction to Micro and Macro Economics")
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Solutions for Chapter 1: Introduction to Micro and Macro Economics
Below listed, you can find solutions for Chapter 1 of Maharashtra State Board SCERT Maharashtra for Economics [English] 12 Standard HSC.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Choose the correct option
Choose the correct option
Scope of micro economics.
- Theory of Product Pricing
- Theory of Growth and Development
- Theory of General Price Level and Inflation
- Theory of Income and Employment
Only a
a, b, c
b, c, d
a, c, d
Statements related to macro economics.
- It is the study of aggregates
- It is based on certain assumptions
- It takes into account interdependence between aggregate economic variables
- It is a policy oriented science
a, b, c, d
a, b, c
b, c, d
a, c, d
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Complete the correlation
Complete the correlation
Microeconomics: Mikros :: Macro economics : ______.
General equilibrium : Macro economics : : ______ : Micro economics
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Give economic terms
Give economic terms
Branch of economics that deals with small part of national economy −
Average of all prices of goods and services currently being produced in an economy −
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Find the odd word
Find the odd word
Features of Microeconomics
Price theory
Slicing method
Limited scope
Lumping method
Find the odd word
Scope of Macroeconomics -
Theory of product pricing
Theory of income & employment
Theory of general price level and inflation
Macro theory of distribution
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Complete the following statements
Complete the following statements
Theory of economic welfare, basically deals with ______.
efficiency in allocation of resources
product pricing
factor pricing
efficiency in product
Macroeconomics is the branch of economics which analyses the ______.
part economy
entire economy
mixed economy
political economy
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Assertion and Reasoning type questions
Assertion and Reasoning type questions
Assertion (A): Micro-economics uses slicing method.
Reasoning (R): Slicing method is the study of the whole economy rather than its part.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
Assertion (A): Macro-economic analysis shows how the general price level is determined.
Reasoning (R): It deals with determination of the prices of goods and services as well as factors of production.
(A) is True but (R) is False.
(A) is False but (R) is True.
Both (A) and (R) are True and (R) is the correct explanation of (A).
Both (A) and (R) are True and (R) is not the correct explanation of (A).
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Identify & explain the concepts from the given illustrations
Identify & explain the concept from the given illustration.
Mala collected information about the income and expenditure of twenty five families from her locality.
Identify & explain the concept from the given illustration.
Ramesh analysed the total investments, total employment, total consumption and total savings of the economy for the financial year 2019-20.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Distinguish Between
Distinguish Between
Slicing method and Lumping method
Distinguish Between:
Partial equilibrium and General equilibrium
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Answer the following
Explain the features of microeconomics.
Explain the scope of microeconomics
Explain any four features of macroeconomics.
Explain the scope of Macro economics.
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics State with reasons whether you agree or disagree with the following statements
State with reason whether you agree or disagree with the following statement:
The scope of microeconomics is unlimited.
Agree
Disagree
Macro economics is different from micro economics.
Agree
Disagree
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC 1 Introduction to Micro and Macro Economics Answer in detail
Explain the features of microeconomics.
Explain the concept of Macro economics and its features.
Solutions for 1: Introduction to Micro and Macro Economics
SCERT Maharashtra solutions for Economics [English] 12 Standard HSC chapter 1 - Introduction to Micro and Macro Economics
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Concepts covered in Economics [English] 12 Standard HSC chapter 1 Introduction to Micro and Macro Economics are Introduction to Micro and Macro Economics, Micro Economics, Scope of Micro Economics, Features of Micro Economics, Importance of Micro Economics, Macro Economics, Scope of Macro Economics, Features of Macro Economic, Importance of Macro Economic, Micro Economics - Price Theory.
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