An economic system where the economic activities of a nation are done both by the private and public together is termed as__________

(a)

Capitalistic Economy

(b)

Socialistic Economy

(c)

Globalisic Economy

(d)

Mixed Economy

Quantity of a commodity accumulated at a point of time is termed as ____________..

(a)

production

(b)

stock

(c)

variable

(d)

flow

Identify the flow variable

(a)

money supply

(b)

assests

(c)

income

(d)

foreign exchange reserves

Identify the sectors of a Two Sector Model.

(a)

Households and Firms

(b)

Private and Public

(c)

Internal and External

(d)

Firms and Government

The Circular Flow Model that represents an open Economy

(a)

Two Sector Model

(b)

Three Sector Model

(c)

Four Sector Model

(d)

All the above

What is meant by an ‘Economy’?

Classify the economies based on status of development.

What do you mean by Capitalism?

Define ‘Economic Model'.

‘Circular Flow of Income’ - Define.

Outline the major merits of capitalism.

Indicate the demerits of socialism.

Enumerate the features of mixed economy.

Distinguish between Capitalism and Globalism.

Briefly explain the two sector circular flow model.

Discuss the scope of Macro Economics.

Illustrate the functioning of an economy based on its activities

Compare the features of capitalism and socialism.

Compare the features among Capitalism, Secularism and Mixedism