Bachelor of Arts (B.A.) SEM I 2018 2019 Dec 2018 ECONOMICS I Question Paper - Mumbai University | munotes

Questions asked in this paper

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1. Q2 Each question carries equal (20) marks
2. Q3 Draw neat diagrams and use of examples wherever necessary
3. Q4 Use of simple calculator is allowed
4. Q1 Explain ANY TWO of the following : 20 marks
   • a) Trade-off between inflation and unemployment
   • b) Benefits from exchange
   • c) Advantages and disadvantages of Market economy
5. Q2 Examine ANY TWO of the following : 20 marks
   • b) Distinction between positive economics and normative economics
   • c) Plot the graph for the following function: Y=2+3X
6. Q3 Attempt ANY TWO of the following : 20 marks
   • a) Given the demand schedule of individual I and the market, derive the demand of individual II and draw the market demand curve : (in =) Individual (in Units) (in Units)
   • b) Explain law of supply with the help of supply schedule and supply curve
   • c) Explain the meaning and effect of price ceiling
7. Q4 Attempt ANY TWO of the following : 20 marks
   • a) the concept of comparative cost advantage with the help of two examples
   • b) Explain the concept of opportunity cost
   • c) Discuss the trade policy of protection
8. Q5 Write short notes ANY TWO of the following : 20 marks
   • a) Role of Government in improving market outcomes
   • b) Causes of disagreement among economists
   • c) . Various determinants of demand
   • d) cot advantage
9. Q2 GA 20 marks
10. Q9 ata : 20 marks
    • a) are
11. Q2 ata 20 marks
    • a) vat
12. Q3 ay

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