FIFTH SEMESTER B.A. DEGREE EXAMINATION, NOVEMBER 2018
(CUCBCSS—-UG)
Open Course
‘ECO 5D 01—ECONOMICS IN EVERYDAY LIFE

Maximum : 40 Marks
Answer may be written either in English or in Malayalam.

Part A
Answer all questions.
Each question carries 34 marks.
|) Growth oriented definition of Economics was given by
(a) Marshall. (b) Smith.

(c) Samuelson. (१) Robbins.

2) The problem of how to distribute the commodities and services among the people is

(a) What to produce. (b) For whom to produce.

(d) How to choose
3) Micro Economics and Macro Economics was divided by

(a) Marshall.

(6) Patinkin.
4) Realised satisfaction is

(९) How to produce.

(b) Keynes.
(d) Ragnar Frisch.

(a) Satisfaction.

(b) Utility.
\(c). Demand. (d) Supply.
5) Elasticity of supply refers to the degree of responsiveness of supply of a good to changes in its
=,
(a) Technology. 0) Costs.
(c) Price. (d) Money.
6) NNP at factor cost is —______
(a) Less than NI. (b) More than NI.
¢ Equal to NI.

(6) Not equal to NI.