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Introduction to Macro Economics Three Marks

12th Standard EM

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Economics

Answer All The Questions:
Time : 01:00:00 Hrs
Total Marks : 30
    Part-A
    10 x 3 = 30
  1. Describe the different types of economic systems.

  2. Outline the major merits of capitalism.

  3. Enumerate the features of mixed economy

  4. Distinguish between Capitalism and Globalism.

  5. Briefly explain the two sector circular flow model.

  6. Draw the Circular flow of income in a three sector economy.

  7. Explain any two merits of socialism.

  8. What are the limitation of Macro Economics.

  9. What are limitations from which Macro economics suffer?

  10. What are the Merits of Socialism?

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