Capitalism and the Free Market

Q.

What are your reasons for studying Economics?

Q.

Bring out the differences between human capital and human development.

Q.

Why, despite the implementation of green revolution, 65 per cent of our population continued to be engaged in the agriculture sector till 1990?

Q.

Trace the relationship between human capital and economic growth.

Q.

Is it necessary to generate employment in the formal sector rather than in the informal sector? Why?

Q.

How does investment in human capital contribute to growth?

Q. ___________ said "Economics is a social science concerned with the administration of scarce resources".

1. Robertson
2. Scitovsky
3. Robbins
4. Aukley

Q. Why is the number of firms small in oligopoly ? Explain.

Q. The problem of what goods and services are produced and how much, is covered by the general term ________.

1. resource allocation
2. choice of technique of production
3. distribution
4. macroeconomics

Q. The branch of economic theory that deals with the problem of allocation of resources is ________________.

1. Micro economic theory
2. Macro economic theory
3. Econometrics
4. None of the above