Micro Economics Question Bank (2010):



Micro Economics Question Bank (2010):

2 marks:

1. Define Micro economics.

2. Define Macro Economics.

3. Define Comparative Micro Statics.

4. What is Micro Dynamics?

5. State any four importance of the study of Micro Economics.

6. State any four limitations of micro economics.

7. Give two reasons for the study of micro economics.

8. Define efficiency.

9. Define Production Possibility Frontier.

10. Give any two assumptions of Production Possibility Frontier.

11. State any four uses of Production Possibility Frontier.

12. State any four problems of the economy.

13. Define macro economics.

14. Who coined micro and macro economics?

5 Marks:

1. Why should we study economics?

2. Write a note on the need to study economics.

3. Write a note on micro and macro economics.

4. What are the 3 problems of an economy?

5. Write a note on the uses of Production Possibility Frontier.

6. Write a note on Production Possibility Frontier.

7. Describe the limitations of Micro economics.

8. Explain the importance of Micro economics.

9. Write a note on any types of micro economics.

10. Describe the problem of choice.

10 marks:

1. Define micro economics. Describe its scope and importance.

2. Explain the importance and limitations of micro economics.

3. Define micro economics. Discuss its scope and limitations.

4. Define micro economics. Discuss its scope and types.

5. Explain the need for the study of economics. Discuss the problem of choice.

6. Write a note on the Production Possibility Frontier.

7. Describe the basic problems of the economy.

9. Define Micro and macro economics and why should we study economics?

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