Price Floor
Trending Questions
Q.
Discuss the three main economic activities.
Q.
What is meant by extension of demand?
Q.
What is meant by contraction of demand?
Q. Define or explain the concepts.
1. Unemployment
2. Underemployment
3. Urban unemployment
4. Disguised unemployment
5. Frictional unemployment
6. Structural unemployment
1. Unemployment
2. Underemployment
3. Urban unemployment
4. Disguised unemployment
5. Frictional unemployment
6. Structural unemployment
Q.
Do you think that in the last 50 years, employment generated in the country is commensurate with the growth of GDP in India? How?
Q.
State the various types of demand.
Q. Explain the subject matter of Micro Economics.
Q.
What is a price ceiling example?
Q.
Salary received by the manager of an agricultural farm is.
agricultural income
salary income
business income
capital income
Q. Fill in the blanks with appropriate words from the bracket.
1. Defective education system causes______________ unemployment.
(educated, technological, rural, frictional)
2. Unemployment during the off season is called_____________
(urban, seasonal, disguised, involuntary)
3. Disguised employed labors has___________ marginal productivity.
( maximum, minimum, one, zero)
4. Unemployment during recession is called__________unemployment.
(frictional, structural, cyclical, voluntary)
5. Employment Guarantee scheme was launched in the state of ______________
(Karnataka, Maharashtra, Kerala, Orissa)
1. Defective education system causes______________ unemployment.
(educated, technological, rural, frictional)
2. Unemployment during the off season is called_____________
(urban, seasonal, disguised, involuntary)
3. Disguised employed labors has___________ marginal productivity.
( maximum, minimum, one, zero)
4. Unemployment during recession is called__________unemployment.
(frictional, structural, cyclical, voluntary)
5. Employment Guarantee scheme was launched in the state of ______________
(Karnataka, Maharashtra, Kerala, Orissa)
Q. Give reasons
1. Rural unemployment is more severe than urban unemployment.
2. Economic development can reduce unemployment.
3. Under employment is found in both rural and urban areas.
4. Cyclical unemployment is created in the phase of depression.
1. Rural unemployment is more severe than urban unemployment.
2. Economic development can reduce unemployment.
3. Under employment is found in both rural and urban areas.
4. Cyclical unemployment is created in the phase of depression.
Q.
What is maximum price ceiling?
Q. Write a short note on 'Importance of Micro Economics'.
Q. In the context of the passage, the word "excessive" (line 12) most closely corresponds to which of the following phrases?
- Far more than can be justified by worker preferences
- Far more than can be explained by fluctuations in product demand
- Far more than can be beneficial to the success of the firms themselves
- Far more than can be accounted for by an expanding national economy
- Far more than can be attributed to increases in the total number of people in the workforce
Q. Which theory is generally included under micro-economics?
- Price Theory
- Income Theory
- Employment Theory
- None of the above
Q.
What happens with a price ceiling?
Q. Explain the scope and subject matter of micro economics.
Q.
What are the differences between organized and unorganized sector workers?
Q. Match the pair
| Group 'A' | Group 'B' |
| 1. Disguised unemployment | a) temporary unemployment |
| 2. Frictional unemployment | b) Increase employment |
| 3. Labour intensive method | c) zero marginal productivity |
| 4. E.G.S | d) Full employment |
| 5. Technological unemployment | e) under utlisation labour |
| f) Maharashtra | |
| g) computers |
Q. Give reasons or explain:
Micro Economics studies behaviour of individual economic unit.
Micro Economics studies behaviour of individual economic unit.
Q. Micro economics is concerned with ___________.
- consumer behaviour
- product pricing
- factor pricing
- all of the above
Q.
How will you know whether a worker is working in the informal sector?
Q. "Households and firms depend on each other in the circular flow of income." Justify the statement in case of a two-sector model.
Q. Define or explain 'micro economics'.
Q. Write short note on Features of Micro Economics.
Q. Write short note on 'subject matter of micro economics'.
Q. Micro Economics is also known as ____________.
- Income theory
- Price theory
- Expenditure theory
- Savings theory
Q. How did low wages contribute to the rise in child labor?
Q. Answer the following questions
Explain the nature of rural unemployment.
Explain the nature of rural unemployment.
