Question 1:
A perfectly competitive firm is better than monopolistic firm in terms of economic efficiency. Discuss and explain with aid of diagram.
Question 2:
What are the disadvantages and advantages of monopoly market?
Question 3:
Is Protectionism always advantageous? Discuss and explain with aid of examples.
Question 4:
To what extent can a country actually rely on principle of Comparative advantage before engaging in international trade?
Question 5:
To what extent is economic growth advantageous to economy?
Question 6:
Describe using diagrams why a 10 % raise in investment leads to a higher percentage raise in National Income?