12 Mar 2023

11th Economics Chapter 1 Micro Economics Book Back

Samacheer Kalvi 11th Economics – Chapter 1: Micro-Economics Book Back Answers

Samacheer Kalvi 11th Standard New Economics Book Back 1 Mark and 2 Mark Questions with Answers PDF uploaded and available below. Tamil Nadu Class 11 New Syllabus Economics – Micro-Economics Book Back Solutions 2023 available for English medium students. TN Samacheer Kalvi 11th Std Economics book back portion consists of 12 chapters. Check Chapter-wise and Full Class 11th Economics Book Back Answers Solutions Guide 2023 PDF format for free download. Samacheer Kalvi 11th Economics Chapter 1 Micro Economics Book Back English Medium answers below:

English, Tamil, Maths, Physics, Chemistry, History, Geography, Economics, Political Science Vol. 1 & 2, and Science (Botany, Zoology, Bio-botany) Book Back One and Two Mark Questions and Answers are available in PDF on our site. Class 11th Economics guide Vol. 1 & 2 Book Back Answers PDF available below unit-wise. Check History, Geography, Civics, Economics, and Political Science One Mark English Medium below. See below for the New 11th Economics Book Back Questions with Answer PDF:

Class 11 Samacheer Books PDF Free download, Click the link – Samacheer Kalvi 11th books

11th Samacheer Kalvi – Economics Book Back Answers PDF in English:

Tamil Nadu class 11th Economics Subject One Mark, Two Mark Guide questions and answers are available below. Check Economics questions and answers for English and Tamil Mediums. Click the Download option to download 1 Mark Question and Answer PDF. Take the printout and use it for exam purposes.

Unit 1: Introduction to Micro-Economics

11th Economics Chapter 1 Micro Economics Book Back

I. Choose the best answers:

1. ‘Economics is a study of mankind in the ordinary business of life’ -It is the statement of

a. Adam Smith
b. Lionel Robbins
c. Alfred Marshall 
d. Samuelson

2. The basic problem studied in Economics is

a. Unlimited wants
b. Unlimited means
c. Scarcity 
d. Strategy to meet all our wants

3. Microeconomics is concerned with

a. The economy as a whole
b. Different sectors of an economy
c. The study of individual economic units behavior
d. The interactions within the entire economy

4. Which of the following is a microeconomics statement?

a. The real domestic output in­­creased by 2.5 percent last year.
b. Unemployment was 9.8 percent of the labor force last year.
c. The price of wheat determines its demand
d. The general price level increased by 4 percent last year.

5. Find the odd one out:

a. “An inquiry into the nature and the causes of the Wealth of Nations”
b. “Principles of Economics”
c. “Nature and Significance of Economic Science”
d. “Ceteris paribus”

6. The equilibrium price is the price at which

a. Everything is sold
b. Buyers spend their money
c. Quantity demanded equals quantity supplied   
d. Excess demand is zero

7. Author of “An Inquiry into the Nature and Causes of Wealth of Nations”

a. Alfred Marshall
b. Adam Smith
c. Lionel Robbins
d. Paul A Samuelson

8. “Economics studies human behaviour as a relationship between ends and scarce means which have alternative uses” is the definition of economics of

a. Lionel Robbins   
b. Adam Smith
c. Alfred Marshall
d. Paul A Samuelson

9. Who is the Father of Economics?

a. Max Muller
b. Adam Smith   
c. Karl Marx
d. Paul A Samuelson

10. “Economics is a science” The basis of this statement is—

a. Relation between cause and effect
b. Use of deductive method and inductive method for the formations of laws
c. Experiments
d. All of the above

11. Utility means

a. Equilibrium point at which demand and supply are equal
b. Want-satisfying capacity of goods and services
c. Total value of commodity
d. Desire for goods and services

12. A market is

a. Only a place to buy things
b. Only a place to sell things
c. Only a place where prices adjust
d. A system where persons buy and sell goods directly or indirectly

13. Which one of the following is not a point in the Welfare Definition of Economics?

a. Study of an ordinary man
b. Economics does not focus on wealth alone
c. Economics is the study of material welfare
d. Economics deals with unlimited wants and limited means

14. Growth definition takes into account

a. The problem of choice in the dynamic framework of Economics
b. The problem of unlimited means in relation to wants
c. The production and distribution of wealth
d. The material welfare of human beings

15. Which theory is generally included under micro economics?

a. Price Theory     
b. Income Theory
c. Employment Theory
d. Trade Theory

16. ………………….. have exchange value and their ownership rights can be established and exchanged

a. Goods   
b. Services
c. Markets
d. Revenue

17. Identify the correct characteristics of utility

a. It is equivalent to ‘usefulness’
b. It has moral significance
c. It is same as pleasure
d. It depends upon consumer’s mental attitude

18. Who has given scarcity definition of economics?

a. Adam Smith
b. Marshall
c. Robbins   
d. Robertson

19. The process of reasoning from particular to general is

a. Deductive method
b. Inductive method   
c. Positive economics
d. Normative economics

20. Total revenue is equal to total output sold multiplied by

a. Price   
b. Total cost
c. Marginal revenue
d. Marginal cost

Other Important Links for 11th Samacheer Kalvi Book Back:

For Chapter 2 Consumption Analysis Book Back Click Here – Chapter 2 Consumption Analysis Book Back 

Click here for the Complete 11th Samacheer kalvi economics book back Answers PDF, check the link – Samacheer Kalvi 11th Economics Book Back Answers

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