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FIRST SEMESTER B.A, DEGREE EXAMINATION
JANUARY 2014
(WG-CCSS)
Core Course — Economics
EC 1B 01 - MICRO ECONOMICS - I
(2012 and earlier Admissions)

e: Three Hou
: = rs 4 #
Maximum : 30 Weightay

Answer may be written either in English or tn Malayalam
I. Answer all twelve questions : 1

A. Multiple Choice Questions :

1. Ina simple two sector economy, the economic agents are :
(a) Firms and Government.
(b) Firms and Households.
(c) Households and Foreign sector.

(d) None of these.

2. The changes in quantity demanded of a commodity due to changes in price of relate

commodity is known as :

(a) Price elasticity of demand. (b) Income elasticity of demand.

(८) Cross elasticity of demand. (9) None of these.

nal utility approach, the utility can be :
(b) Only ranked.
(9) All of the above.

3. In the case of cardi
(a) Measured.
(c) Only compared.
4. The slope of Income Consumption line for a normal good is :
(0) Negative.

(d) All of these.

(a) Positive.

(c) Zero.

B. Fill in the blanks :
5. The graphical representation of same quant

combination of inputs is called

ity of output produced with differe: