Madurai Kamraj University (MKU) 2008 B.A History General Economics,,ober . - Question Paper
This beneath ques. paper is related to General Economics of B.A History.
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Discuss the Ricardian Theory of Rent.
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Critically examine the purchasing Power Parity Theory.
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GENERAL ECONOMICS
(For those who joined in July 2003 and after)
Time : Three hours Maximum : 100 marks
SECTION A (4 x 10 = 40 marks)
Answer any FOUR questions.
All questions carry equal marks.
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Explain Robbins definition of Economics.
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State the limitations of the Law of Equi-Marginal Utility.
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What are the factors of Production?
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Opportunity Cost - Explain.
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Explain the difficulties in computation of National Income.
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State the significance of Money.
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What are the salient features of International Trade?
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What are the sources of Public Revenue?
SECTION B (3 x 20 = 60 marks)
Answer any THREE questions.
All questions carry equal marks.
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Why do you call Marshalls definition a Welfare definition?
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Explain the causes for the downward sloping of the Demand Curve. Are there any Exceptions?
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Draw Short-run and Long-run Cost Curves and explain their significance.
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How Price and Output is determined under Perfect Competition?
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