Bhavnagar University 2007 B.A History PRINCIPLES OF ECONOMICS - Question Paper

B.A. DEGREE EXAMINATION, DECEMBER 2007.
History
PRINCIPLES OF ECONOMICS
Time : 3 hours Maximum : 100 marks
PART A — (5 ? eight = 40 marks)
ans any 5 ques..
1. Distinguish ranging from micro and macro economics.
2. What are the characteristics of Human Wants?
3. Explain the legal regulations of diminishing marginal utility.
4. What are the functions of an entrepreneur?
5. Explain the Malthusian theory of population.
6. Product differentiation – means what? discuss.
7. Explain the marginal productivity theory of distribution.
8. Explain the Innovation theory of profit.
PART B — (4 ? 15 = 60 marks)
ans any 4 ques..
9. Explain the Nature, scope and importance of economics.
10. Explain the legal regulations of demand. Why the demand curve slopes downward?
11. Explain the different methods of measuring the price elasticity of demand.
12. How Edwin canon discuss the optimum theory of population?
13. How are the price and output determined in the discriminating monopoly?
14. Give short notes on :
(a) Consumer’s surplus
(b) Selling costs.
(c) Trade union and wages.
15. Explain the Ricardian theory of Rent.

Earning:   Approval pending.