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Introduction to Macro Economics Three Marks Questions

12th Standard EM

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Economics

Time : 01:00:00 Hrs
Total Marks : 30
    10 x 3 = 30
  1. State the importance of Macro Economics

  2. Describe the different types of economic systems.

  3. Outline the major merits of capitalism.

  4. Indicate the demerits of socialism

  5. Enumerate the features of mixed economy

  6. Distinguish between Capitalism and Globalism.

  7. Briefly explain the two sector circular flow model.

  8. Explain any two merits of socialism.

  9. Bring out the functions of an economy with the help of flow chart.

  10. Describe the three models of circular flow of income.

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