Alagappa University 2008 B.A History PRINCIPLES OF ECONOMICS - Question Paper

PART A — (5 × eight = 40 marks)
ans any 5 ques..

1.Economics is an art or science – discuss.
2.What are the 3 postulates of Scarcity definition?
3.Explain various types of elasticity.
4.Define legal regulations of equi-marginal utility.
5.Mention the different types of capital.
6.What are the limitations of the Division of Labour?
7.State the conditions of perfect competition.
8.Define micro and macro distribution.

PART B — (4 ? 15 = 60 marks)
ans any 4 ques..

9.Mention the nature, scope and definitions of economics.
10.Explain the concept of optimum theory of population.
11.What are the main functions of an entrepreneur?
12.Describe the concept of value with Labour theory of value.
13.What is speculation in economics? elaborate its characters and mention its types.
14. Give short notes on.
(a) Price determination
(b) Monopoly
(c) Duopoly.
15.State the different theories of profit.

Earning:   Approval pending.