Define Micro Economics.

Distinguish goods from services.

Define Positive economics.

What are the degrees of price elasticity of demand?

Define Labour.

Define Marginal Product of a factor.

What are the conditions for producer’s equilibrium?

Define cost.

What do you mean by fixed cost?

Explicit Cost - Define.

What is meant by sunk cost?

Who is price-taker?

What is selling cost?

Mention any two types of price discrimination.

What is meant by distribution?

Define 'Rent'.

What do you mean by interest?

State the meaning of liquidity preference.

State any two features of developed economy.

Point out any one feature of Indian Economy.

Give a short note on Sen's 'Choice of Technique'.

What are the objectives of Tenth five year plan?

Mention the indicators which are used to calculate HDI.

Define disinvestment.

State the meaning of special Economic Zones.