List of top Economics Questions

Mention the four determinants of elasticity of supply.
What is economic activity?
Explain the importance of the study of Microeconomics.
Define perfect competition.
Define Utility.
What is Market Supply?
Define Government Budget.
What is meant by production function?
Define flow.
Which items are included in balance of trade?
When the elasticity of demand is unitary?
What is meant by demand?
What are the two forces in determining the price of the goods?
State two sources of supply of foreign exchange.
What is meant by producer's equilibrium?
Differentiate between compact and dispersed settlements.
What is meant by Fiscal policy?
What is meant by Fixed cost?
Explain the relation between Total Revenue and Marginal Revenue.
What is meant by recession?
Define market equilibrium.
What is Say's law of market?
What is Investment Multiplier?
Give two examples each for Consumption goods and Capital goods.
What do you mean by Gross Domestic Product?