Xl Economics important Question

Long Questions
Micro
Q1) Explain Law Diminishing Marginal Return With The Help Of Schedule And Diagram?
Q2) Explain The Law Of Supply With The Help Of A Schedule And Diagram & Also Describe The Assumptions?
Q3)  Explain The Law Of Demand With The Help Of A Schedule And Diagram And Also Describe Its Assumptions Of The Law?
Macro
Q1) Explain The Difference B/W Balance Of Trade And Balance Of Payment & How Can Unfavorable Balance Payment Be Improve?
Q2) Explain Quantity Theory Of Money & What Are The Assumptions?
Q3) What Are Domestic Trade & International Trade Write The Advantages And Disadvantages Of International Trade?
Short Questions
Micro
Q1)  Write Characteristics of Perfect Competition?
Q2) State Salient Feature of Robin’s Definition Of Economics?
Q3) Differentiate B/W Macro And Micro Economics?
Q4) State Law Of Demand?
Q5) Distinguish B/W Stock And Supply?
Q6) What Are The Advantages Of Large- Scale Production?
Q7) Explain The Characteristics Of Monopoly?
Q8)Define Production And Name Factor Of Production?
Q9) Differentiate Between “Change In Demand” And “Change In Quantity Demand”?
Q10) Explain Relation Between Average Cost & Marginal Cost?



Macro
Q1) Distinguish Between Gross National Product And Net National Product?
Q2) Describe Advantages Of International Trade ?
Q3) Differentiate Between Public Finance And Private Finance?
Q4) State Quantity Theory Of Money?
Q5) State The Main Causes Of Inflation ?
Q6) Differentiate Between Zakat & Tax?
Q7) Differentiate Between National Wages & Real Wages?
Q8) What Are The Characteristics Of Good Money?
  Q9) State Drawbacks Of Barter system?
Q10) What Are Main Sources Of Public Revenue?