Question 1:
(a) “There is always an inverse relationship between quantity and price demanded of a good.” Discuss.
(b) Describe with proper diagram(s) the different factors which will cause a shift in supply curve.
Question 2:
(a) Elaborate on the dissimilar kinds and causes of inflation.
(b) Describe the different kinds of unemployment that exist.
(c) Can high inflation rate and high unemployment happen at the same time? Justify your answer.
Question 3:
(a) Explain the concept price discrimination?
(b) Discuss the views which price discrimination always operates in public interest.
Question 4:
(a) Explain the qualities of good tax system.
(b) Discuss the disadvantages and advantages of direct and indirect taxes.
Question 5:
(a) Describe the factors influencing economic growth.
(b) Explain the benefits of economic growth and the policies which can be employed to promote economic growth.