Answer all these questions plzzz fastt Page 2
KPI EISE tL" First Term'Econrmics
7. think
b) SQAVingtæedle and TV set.
8. "Inthe long run costs arc variable". Do you agree?
SupposCRaju is indifferent to bundles (8, 7) and (7, T). Are the preferenccsofRaju
10. Imagine that you are the Finance Minister of Kerala. You want to raisemore tax
HOW you in proposals?
firm can produce with 100 units of L and 100 units ofK.
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Q-5L%K
12. Write anytv,oapplieations ofMaeroeconomics.
13. Point Outanytwo important Microeconomic problemsofourcconomy
mm;5S
14. Draw in a two sector economy.
Answer any 6 questions from IS -21. Each carries 3 scores.
[Score6x3=18]
15—21
15. Some variables are given below. Classify them in a table based on the branches Of
Utility, pricelevel, Inflation Demand forpen, Aggregate consumptiomTaxes, Rent.
aa.namo,
ceuno, mlBp1öLd,
16. Find the odd one out.
a) GNP, NNP, CSO, GDP b)Salary, bonus, GPF, Freehousing,saving
c) Smuggling Productionofwheat, Saleofsecondhandgoods, servicesof
