Premium Essay

Test Book

In: Business and Management

Submitted By Matmbewe
Words 39159
Pages 157
Economic Theory
HIGHER SECONDARY- SECOND YEAR

Untouchability is a sin·
Untouchability is a crime
Untouchability is inhuman

·TAMILNADU TEXTBOOK AND
EDUCATIONAL SERVICES CORPORATION
College Road, Chennai- 600 006.

ii

CONTENTS
Page No

1

Nature and Scope ofEconomics

2

Basic Economic Problems

33

3

Theory of Consumer Behaviour

47

4

Demand and Supply

77

5

Equilibrium Price

103

6

Production

117

7

Cost and Revenue

143

8

Market Structure and Pricing

161

9

Marginal Productivity Theory of Distribution

183

10 Simple Theory oflncome Determination

205

11

229

Monetary Policy

12 Fiscal Policy

247

iii

Chapter 1

Nature and Scope of Economics
Introduction
Economics is a social science which deals with human wants and their satisfaction. It is mainly concerned with the way in which a society chooses to employ its scarce resources which have alternative uses, for the production of goods for present and future consumption.
Political economy is another name for economics. “Polis” in Greek means a State. The early writers used the term “Political Economy” for the management of the State. A person who runs a family is expected to make the best use of the income of the household. Similarly, the
State is expected to get the maximum benefit for the society. Hence the term “Political Economy”.
The existence of human wants is the starting point of all economic activity in the world. Unless we make efforts, we cannot satisfy wants.
Hence, wants, efforts and satisfaction form the circle of economics.
We may say economics is the science of wants. But in the real world, the means which satisfy our wants are limited, that is, there is scarcity of the means which satisfy our wants. Time and money are limited. And land, labour and capital which are used in...

Similar Documents

Premium Essay

Nts Book for Gat Test

...basic mathematical skills, understanding of elementary mathematical concepts, and the ability to reason quantitatively and solve problems in a quantitative setting. There is a balance of questions requiring basic knowledge of arithmetic, algebra, geometry, and data analysis. These are essential content areas usually studied at the high school level. The questions in the quantitative section can also be from • • • Di screte Quanti tative Questi on Quanti tative Compari son Questi on Data Interpretati on Questi on etc. The distribution in this guide is only to facilitate the candidates. This distribution is not a part of test template, so, a test may contain all the questions of one format or may have a random number of questions of different formats. This chapter is divided into 4 major sections. The first discusses the syllabus /contents in each section of the test respectively and the remaining three sections address the question format, guide lines to attempt the questions in each format and some example questions. 2.1 2.1.1 General Mathematics Review Arithmetic The following are some key points, which are phrased here to refresh your knowledge of basic arithmetic principles. Basic arithmetic • For any number a, exactl y one of...

Words: 18464 - Pages: 74

Free Essay

Upcat

...It is that time of the year again. The University of the Philippines College Admission Test (UPCAT) is just around the corner and you are surfing the Net, joining forums about THE test and looking for “special tips” for taking the examination, aren’t you? I see you. I cannot help but remember how chill I was on my exam day.  It was not really because I was so confident that I knew everything the premier state university expected me to know. I think it was more because I did not even think I would make the cut. I did not get to attend any review class nor did I buy all the best and recommended UPCAT reviewers. As many UPCAT passers will tell you, it is not really about how much you have studied the summer before for the entrance exams but how much you have learned in school since Day 1. “UPCAT is not a day but a season. It started the day you realized you needed to work hard for your high school grades so it could help you ace the test. UPCAT … started when you began to hope to be an Iskolar ng Bayan,” says broadcast communication graduate Joseph Cataan. All you need for UPCAT are refreshers because, as they say, “you already know what you know.” I was also calm and cool about the whole thing because I was never pressured by my parents. On UPCAT day, my dad said, “Just do what you have to do.” And so I did. People will tell you that getting into UP is not the be-all and end-all but it pays to be assured that you did your part, from pre- to post-exam. Survival......

Words: 1525 - Pages: 7

Free Essay

Astrobiology Syllabus

...preferred method for asking questions about the course. Office Hours by email as needed daily. Pre-requisites: None, but you will need to do basic arithmetic and algebra in this course. Required Textbooks: 1) Life in the Universe, Bennett, 3rd edition, ISBN-9780321687678. This book is your main instructional resource - be sure to read all of the assigned chapters. ***You do NOT need the access code. You do NOT need the latest edition. Other required materials: Regular and reliable Internet access to complete assignments. Grades: Grades will be determined from scores achieved on TESTS, QUIZZES & ACTIVITIES. The lowest 25 % of Quizzes & Activities will be dropped. Work Percent of Final Grade Best 3 out of 4 Test scores 50% Reading Quizzes (Best 75%) 25% Activity scores (Best 75%) 25% Total 100% The basic grading scale is: 100 –90 A 89 – 80 B 79 – 70 C 69 – 60 D 59 or lower F Tests: The tests are proctored, which means that you must show photo identification to   1   someone who administers the test. The exams are given on the SCSU campus (or another location approved by Continuing Studies) in a room with computer access. The Tests will be multiple choice and no reference, texts or calculators are...

Words: 1177 - Pages: 5

Free Essay

Accounting Case Study

...Sepe and Nelson, McGraw-Hill, ISBN-9780078025327 (Hard copy, Volume II, or e-book with CONNECT available) Course Objectives and Description: Intermediate Accounting is designed to acquaint the student with current accounting theories and practices. In this second part of intermediate accounting, we will learn accounting for fixed assets, intangibles, long-term liabilities, investments, and stockholders’ equity. Statement of cash flows and accounting issues related with accounting changes and error correction are also covered in this class. Prerequisite: ACCT 320A or equivalent with a grade C or better Grading: Points are distributed as follows. Accounting majors must earn a grade of “C” or better in each accounting class taken to graduate. Midterms 100 250-300 A Final 130 210-249 B Participation & Attendance 10 180-209 C Comprehensive test 20 150-179 D Homework 40 Below 150 F Total 300 points A modified curve may be applied at the end of the quarter if necessary. Withdrawal Policy: The dropping policies of the University and Accounting Department will be strictly enforced. Drops are permitted only for serious and compelling reasons after the Drop Period. Poor performance in the class is not considered to be a compelling reason. NO MAKE-UP exam will be given. If you are unable to take the test, you need to inform me before the exam date. Academic Integrity:...

Words: 547 - Pages: 3

Free Essay

Ppsc

...CONSOLIDATED ADVERTISEMENT NO. 15/2015 APPEARED IN THE NATION & JANG ON SUNDAY 03-05-2015   APPLY ONLINE   EDUCATION DEPARTMENT SR. NO. 84                             RECRUITMENT TO (660) SIX HUNDRED & SIXTY (INCLUDING QUOTA RESERVED FOR DISABLED PERSONS AND QUOTA RESERVED FOR MINORITIES) PERMANENT POSTS OF LECTURER (MALE) IN THE PUNJAB HIGHER EDUCATION DEPARTMENT.               SUBJECT WISE DETAIL OF LECTURERS (MALE) IS GIVEN AS UNDER:-   Case No. | Subject | Total Posts | Open Merit Posts | Disabled Quota | Minorities Quota | 10-RA/2015 | English | 94 | 86 | 3 | 5 | 11-RA/2015 | Mathematics | 71 | 65 | 2 | 4 | 12-RA/2015 | Physics | 68 | 62 | 2 | 4 | 13-RA/2015 | Chemistry | 63 | 58 | 2 | 3 | 14-RA/2015 | Computer Science | 60 | 55 | 2 | 3 | 15-RA/2015 | Economics | 27 | 25 | 1 | 1 | 16-RA/2015 | Biology | 26 | 24 | 1 | 1 | 17-RA/2015 | Statistics | 24 | 22 | 1 | 1 | 18-RA/2015 | Zoology | 13 | 11 | 1 | 1 | 19-RA/2015 | Botany | 12 | 11 | 0 | 1 | 20-RA/2015 | Urdu | 33 | 30 | 1 | 2 | 21-RA/2015 | Islamiat | 24 | 23 | 1 | 0 | 22-RA/2015 | Pakistan Studies | 12 | 11 | 0 | 1 | 23-RA/2015 | Civics / Political Science | 24 | 22 | 1 | 1 | 24-RA/2015 | Physical Education | 26 | 24 | 1 | 1 | 25-RA/2015 | Commerce | 17 | 15 | 1 | 1 | 26-RA/2015 | History | 9 | 8 | 0 | 1 | 27-RA/2015 | Education | 9 | 8 | 0 | 1 | 28-RA/2015 | Arabic | 9 | 8 | 0 | 1 | 29-RA/2015 | Sociology | 5 | 5 | 0 | 0 | 30-RA/2015 | Persian | 5 | 5 |......

Words: 1536 - Pages: 7

Free Essay

Lsats

...You will need: Kaplan Mastery (Kaplan's Big Orange Book is no longer available) Powerscore Logic Games Bible (LGB) Powerscore Logical Reasoning Bible (LRB) All 3 of the '10 More LSAT" series The most recent 10 PTs Official LSAT SuperPrep 3 months (more or less - adjust to your rate of progress but do not try to cram) LG: You will need to divide LG into specific types (Grouping, Linear, and various subtypes) and work on them one after another in order to master the game type. 1) Make 3 photocopies of every LG 2) Separate them using the classification method of choice - Blueprint, Kaplan, etc. will all work but I prefer PowerScore 3) Do each LGB section in order and work on the respective game types as you progress. For this I usually do 2-3 new games and 3 repeats every day, but it doesn't matter as long as you get it done. Try to keep some separation (24 hours+) between the first and second time you attempt a game. Repetition is crucial - after you have done a lot of games a lot of times anything they throw at you will seem elementary and routine. LR: Pretty simple really. Do the appropriate LRB section and then work through the corresponding chapter in Kaplan Mastery/Big Orange Book. I generally reviewed the LRB section thoroughly the first time, and then just read the summary of points and strategies at the start of the question set to refresh myself after that. Do up to 10 problems at each sitting and monitor which question types give you the most......

Words: 1489 - Pages: 6

Free Essay

My Data

...Sample Test Paper (MBA, MS Management Sciences) | | 1. All answers must be given on the text answer sheet in the manner indicated on the Sample Answer Sheet. 2. There will be no negative marking. 3. Do not write / answer beyond the specified time which will be controlled by the class supervisor. 4. Calculators of any kind are not allowed.There are five sections of Test Paper: - 1. Section 1 -- English 2. Section 2 -- Mathematics 3. Section 3 -- IQ 4. Section 4 -- General Knowledge 5. Section 5 -- EssayNOTE: 1. You will be required to answer all questions on the given answer sheet. Sample of Answer Sheet is given here. 2. You will be provided Aptitude Test Kit to work. You do not need to carry any thing for the test except your Admit Card. Aptitude Test Kit will include: - * Pencil * Pencil Cutter * Eraser * Scale * Question Paper * Answer Sheet  |  SECTION # 01 -- English | This section includes following areas: - 1. Language (5 Minutes, 15 Questions) 2. Grammar (10 Minutes, 10 Questions) 3. Comprehension (15 Minutes, 10 Questions) |  Language |   | 1- Synonyms a. Opposite b. Appropriate c. Confuse d. Same in the meaning | 2- Amplitude a. Largeness b. Short Fall c. Deficit d. Ingenuity | |   |  Grammar | Choose the answer that best expresses the meaning of original sentence: | 1. With the exception of Frank and I, every one in the class finished the assignment before......

Words: 665 - Pages: 3

Free Essay

Divergent Essay

...In the book Divergent by Veronica Roth, the author uses different elements of plot to create a story that, not only makes the reader think about the dystopian society and freedom of choice in which Beatrice Prior, the main character, lives. The society has a loss of individuality, by choosing between five different factions. The government is separated between the five factions to try to make the perfect society. The setting in Divergent takes place in futuristic Chicago, Illinois. In this place, everyone has a special job for the rest of their lives. Beatrice, the main character, is sixteen years old and has experienced what it is like to be selfless for the first sixteen years of her life. “Why doesn’t she reprimand me for staring at myself?”(2). Since day one, Beatrice was taught never to think of herself, but to think only of others. You are not even allowed to look at yourself in the mirror. The story begins when Beatrice takes her aptitude test and it comes back inconclusive. After the aptitude test on choosing day, Beatrice has to choose from five different factions; Abnegation (the selfless), Amity (the peaceful), Candor (the honest), Dauntless (the brave) and Erudite (the intelligent). After the aptitude test Beatrice get three results, Abnegation, Erudite and Dauntless. This makes her “divergent” and she is warned to never share this with anyone for fear of her life. “Divergence is extremely dangerous”(23). During the choosing ceremony, Beatrice......

Words: 721 - Pages: 3

Premium Essay

How I Prepare to Take a Test

...How I Prepare to Take a Test Preparing for a test has been by far one of my greatest challenges. I will admit that I have terrible study habits and after all of these years I’ve seen little to no improvement. When it comes to studying I’m that person that will wait until the last minute. The bad part is my test scores have sometimes shown the lack of studying I’ve done unfortunately. I’m almost positive that everything that I do to prepare for a test is completely wrong but I will share how I actually prepare for a test. Procrastination is the name of the game! I will literally put off studying until the very last minute. Why do I think of a million other things I could be doing instead of studying? It’s simple, I just don’t like to study. I will literally crash all day on the day before the test not realizing that I was putting extra stress on myself. During my younger days I wasn’t pressured about my study habits but now that I’m older I haven’t put much thought into improving until now. Maturity doesn’t always come with age, but fortunately for me I know what I must do to succeed. I usually do a lot of highlighting in the book or my notes which I think is good! The problem is I don’t go back over them like I should. I take great notes and I know for a fact that I do. Many times after a test I went back to review my notes and everything was right there. How can I take such great notes and still fail a test? I know that has to be the craziest thing ever and to......

Words: 656 - Pages: 3

Premium Essay

Chapter 1proposal

...COMPUTERIZATION OF COLLEGE ADMISSION TEST OF DON MARIANO MARCOS MEMORIAL STATE UNIVERSITY INTRODUCTION Situation Analysis Technology nowadays is fast changing and new machines are developed in order to make the job faster and more convenient. Automation is designed to maximize, efficiency, convenient, and quality services offered. It is undeniable that automation is a lot faster compared to the traditional way of doing a job that requires more effort. According to IIM (Indian Institutes of Management) sources, a Computer- based Assessment, also known as Computer-based Testing, e-exam/online test, computer testing and computer-administered testing, is a method of administering tests in which the responses are electronically recorded and assessed. It enables educators and trainers to author, schedule, deliver and report on surveys and quizzes, test and exams online with real time results. It has many advantages over the traditional (paper-based) assessment. Wed-based Entrance Exam embraces a wide range of student activity ranging from the use of online testing/e-learning software to on-screen testing. And now Web-based system is commonly used in many organizations (Besnard et al., 2006). There are a variety of aspects needed to be taken in to account when Web-based assessment is deployed, such as software quality, secure delivery, reliable network (if internet-based), capacities, support, maintenance, software cost for development and test delivery and licenses.......

Words: 1206 - Pages: 5

Premium Essay

Political Debates

...public system is perfect and improvements can be made in many areas, I feel that one area that has impacted students negatively the most is the way teachers make us learn to read and write. I am confident that most students who are currently in high school, or recently graduated, would agree that the way most teachers force students to read and write has a direct result in many students’ unwillingness, or lack of desire to read for recreation. I personally have felt like every time the teacher would make us read some obscure book or story that had little to no interest to a pre-teen or teenager, I was being “force fed” like a cow being lead to slaughter. I understand that the teacher’s job is sometimes very difficult to try and make the boring books enjoyable, and that sometimes school boards only approve books that they feel are “culturally important” or the books are being dictated by the state, but the students have no say in the types of books that are laid in front of them. If I were forced...

Words: 1597 - Pages: 7

Free Essay

Standardized Test, Assessments, and Portfolios for Reading

...Running head: Standardized test, assessments, and portfolios for reading Standardized test, assessments, and portfolios for reading Students are constantly being “assessed” by their teachers. We examine their behavior patterns, learning styles, reading abilities, and even their happiness. The purpose of assessments is to educate the teacher on what our students know and how we can better serve them in learning the curriculum and more. State tests are administered yearly for students, and teachers give formative and summative assessments frequently in the classroom. There are benefits and downfalls to each type of assessment. Afflerbach (2005) discusses that the results from standardized reading assessments are “at best an approximation of the students’ actual achievement level” (p.158). Standardized test tell us if our student is above, at, or below proficient. They do not tell us what areas the student does well at or what skills they are lacking in. According to the work of Buly and Valencia (2002), “Students scoring below proficient on state assessments are usually placed in supplemental or remedial reading classes, which often focus on phonemic awareness and decoding skills at any grade level (Buly & Valencia, 2002). After being put in these “special help” reading classes, the student then goes back into content area classes (English, Math, Science) which all have difficult text where the student struggles with comprehension. The problem we are......

Words: 1178 - Pages: 5

Free Essay

Sociology

...learning management system we will be using is called MyMathLab (MML). MyMathLab contains videos, worked-out examples, and numerous features to help you learn the material. The system accompanies our textbook. To use this system, you need to purchase an access code. Purchasing the book is optional because the book is available electronically in pdf form on the MyMathLab website. If you are comfortable with the electronic form of the book, there is no need to purchase a physical copy of it. Keep in mind however, that a future instructor for another module may require that you have the physical book. If you have previously taken and passed math module MTH 091 and used the latest and greatest 4th edition of the textbook, there is nothing additional to purchase. The MyMathLab access code used for MTH 091 will also work for MTH 092, MTH 093, and MTH 094. However, you will need to register for the MTH 092 MML class site. The process is explained in the syllabus on pages 8 and 9. If you need to purchase the MyMathLab access code, you have a few options: 1. Buy the book and access code bundled together at the Rock Valley College bookstore. This is the best value for your money. The book and access code can be used for the math modules MTH 091-094. 2. Buy only the access code for MyMathLab. You can buy it online when you register with the MyMathLab system, or you can buy it at the bookstore. Page 8 and 9 of the syllabus walks you through the steps necessary to...

Words: 675 - Pages: 3

Free Essay

Solution

...Sales Force 12th Edition by Spiro ISBN 007352977X 9780073529776   ISBN-10:007352977X ISBN-13:9780073529776 THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Official Test Bank in e-version INSTANT DOWNLOAD - The test bank is what most professors use as a template when making exams for their students, which means there’s a very high chance that you will see the exact questions in the tests! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours, most of the time within 30mins. We also faced similar difficulties when we were students, and we understand how you feel. But now, with the Official Test Bank, you will be able to * Anticipate the type of the questions that will appear in your exam. * Know the correct answers to those questions. * Reduce the hassle and stress of your student life. * Improve your studying and get a better grade! * Get prepared for examination questions. * Save you time and help you understand the material. This is the authentic testbank that is designed for your specific textbook. Delivery is made immediately via digital download so there is no waiting. Test Bank is guaranteed accurate....

Words: 262 - Pages: 2

Free Essay

English Language

...i Вторая страница обложки ii Cambridge Practice Tests for IELTS 1 Vanessa Jakeman Clare McDowell C AMBRIDGE UNIVERSITY PRESS iii PUBLISHED BY THF PRESS SYNDICATE OF THE UNIVERSITY OF CAMBRIDGE The Pitt Building Trumpington Street Cambridge CB2 1RP United Kingdom CAMBRIDGE UNIVERSITY PRESS The Edinburgh Building, Cambridge CB2 2RU, United Kingdom 40 West 20th Street, New York, NY 10011-4211, USA 10 Stamford Road, Oakleigh, Melbourne 3166, Australia © Cambridge University Press 1996 This book is in copyright. Subject to statutory exception and to the provisions of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. First published 1996 Third printing 1997 Printed in the United Kingdom at the University Press, Cambridge ISBN 0 521 49767 1 Self-Study Student`s Book ISBN 0 521 49766 3 Set of 2 cassettes Copyright The law allows a reader to make a single copy of part of a book for purposes of private study. It does not allow the copying of entire books or the making of multiple copies of extracts. Written permission for any such copying must always be obtained from the publisher in advance. iv Contents Acknowledgements iv Introduction 1 Practice Test 1 12 Practice Test 2 34 Practice Test 3 54 Practice Test 4 75 General Training Reading and Writing Modules Tapescripts Answer keys 94 107 130 ...

Words: 41994 - Pages: 168