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FIRST SEMESTER B.A./B.Sc. DEGREE EXAMINATION, NOVEMBER 2019

Time

(CBCSS—UG)
Economics
ECO 1 (2) CO1I—INTRODUCTORY ECONOMICS—I
(2019 Admissions)

: Two Hours and a Half Maximum : 80 Marks

Section A (Short Answer Questions)

Maximum marks in this section is 25.
Students can attempt all
Each question carries a maximum of 2 marks.

State the relationship between economics and philosophy.
What is marginal utility ?

Distinguish between MRS and MRTS ?

What is meant by elasticity of supply ?

What is production function ?

What is meant by equilibrium in economics ?

Explain the scarcity definition of Economics.

Distinguish between monopoly and monopolistic competition.
What is ಮಾ cost ?

What is NNP ?

. What is meant by economies of scale ?

. Briefly explain the Say’s law of market.

Distinguish between MPC and APC.
What is double counting 7

Why demand curve is sloping downwards ?

Turn over