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OMTEX CLASSES
“THE HOME OF TEXT”
1. Micro and macro approaches are _________________________ to each other. (Competitive, complementary,
substitute, rival)
2. __________is the desire backed up by ability to pay and willingness to pay for it. (Demand, Want,
Commodity, Utility)
3. The income of government through all sources called ____________________ (Public debt, Public
expenditure, Public revenue, public taxation)
5. Macro Economist was well explained by economist. (Marshall, Robbins, Adam Smith, J.M. Keynes)
(C) Choose the correct answer in each from the following four alternatives
J.M. Keynes
Lionel Robbins
Adam Smith
He is the seller in the market and has no close substitute for his product.
Traditional function
Development Function
Modern Function
Secondary function
(D) Match the two columns given below:
Group A Group B
1. Point of Satiety 1. Macro Economics
Q. 2 (A) Define and explain the following concept. (Attempt any 4) 8 marks
1. Define Microeconomics
(B) Rewrite the following statements as True of False. Give Reasons. (Any 4) 8 marks
6. Why is income from illegal activities not included in the national product?
2. Features of Microeconomics
4. Geffen Paradox
5. Kinds of Investment
Q. 5 (A) Do you agree or disagree with the following statements. Give Reasons. (Any Two) 16 marks
3. AD is influenced by C+I+G+E