Introduction of Micro-Economics — Economics STD 12 Humanities & Commerce — Question

State four sources of supply of foreign exchange.

OR

What are the sources for supply of foreign exchange?

Distinguish between change in supply and change in quantity supplied. Which of these causes a shift of supply curve?

Giving reason, classify the into factor income or transfer income.
Bonus received on Diwali.

Give two examples of the study of aggregates of the economic system.

Depression is a high-handed monster, and if handled carefully it is not so troublesome. Comment.

We should try to regulate interest rates prevailing among farmers, weaker sections of society and poor villagers. How can we control it?

State the meaning of normal goods and inferior goods.

State any three causes of a rightward shift of supply curve.

A consumer consumes only two goods X and Y. Marginal utilities of X and Y are 5 and 4 respectively. The prices of X and Y are Rs. 4 per unit and Rs. 5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of the consumer? Explain.

'Average Product can never be zero while Marginal Product can be'. Comment.