CBSE > Class 12 > Economics | CBSE Board | Homework Help

Ask questions which are clear, concise and easy to understand.

Ask Question

what are components of Balance of payment account ?

Posted by Priyanka Kadwadkar 6 years, 7 months ago

2 answers

Yogita Ingle 6 years, 7 months ago

The BoP consists of three main components—current account, capital account, and financial account. As mentioned earlier, the BoP should be zero. The current account must balance with the combined capital and financial accounts.

1Thank You

Abhishek Attri 6 years, 7 months ago

Visible items,Invisible items,Capital transfer,Unilateral transfer

1Thank You

ANSWER

When AP is maximum then MP is ?

Posted by Roshni Verma 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Indrajeet Singh Arora 6 years, 7 months ago

when AP is maximum Then AP cuts MP .so, two curve can intersect each other only when both are equal .Hence , when AP is maximum then AP = MP.

7Thank You

Manish Dave 6 years, 7 months ago

1Thank You

ANSWER

Explain how the level of effective demand is attained in an economy if AD is more than supply

Posted by Suahila Pradhan 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 7 months ago

When AD > AS
supply of goods and services in the economy tends to be less than their demand. The existing stocks of the producers will be sold out and will suffer the loss of unfulfilled demand. To rebuild the desired stocks and avoid the loss of unfulfilled demand the producers will plan greater production. AS would increase to become equal to AD. Thus, equilibrium is restored through change in output or change in Y.

3Thank You

Indrajeet Singh Arora 6 years, 7 months ago

Throgh Change in fiscal policy of govt. and chage in monetary policy of central bank.

2Thank You

ANSWER

What is supply of money ?

Posted by Sahil Singh 6 years, 7 months ago

CBSE > Class 12 > Economics

5 answers

Yogita Ingle 6 years, 7 months ago

By money supply we mean the total stock of monetary media of exchange available to a society for use in connection with the economic activity of the country. Supply of money refers to the total stock of money (in the form of currency notes and coins) held by the people of an economy at a particular point of time.

1Thank You

Indrajeet Singh Arora 6 years, 7 months ago

The answer by anil bishnoi and manish dave is wrong.

1Thank You

Manish Dave 6 years, 7 months ago

The money which is held by public at a point of time.

0Thank You

Anil Bishnoi 6 years, 7 months ago

The supply of money means the suppyling has the method to exchange or forward the money to other hand which we buy any thing or goods to rhe exchange of money

1Thank You

Abhishek Attri 6 years, 7 months ago

It refers to total stock of money held by public in an economy during a given period of time

2Thank You

ANSWER

"There would have been no economic problem, if resources were not scarce" defend or refute.

Posted by Nitin Jain 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Vrinda Murarka 6 years, 7 months ago

I will refute because scarce resources are not the only reason for economic problem Economic problem arises due to unlimited wants and alternative uses of resources

2Thank You

Shivangi Goel 6 years, 7 months ago

Yes.. I will defend the above statement.. Economic problem arises out of the fact that resourses are scare . So in case when resourses were not scared, there would have been no economic problem..

1Thank You

ANSWER

Implications for both price ceiling and price floor

Posted by Anil Kumar Makkar 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Anil Kumar Makkar 6 years, 7 months ago

Burden on consumer nd burden on govt? How?

0Thank You

Abhishek Attri 6 years, 7 months ago

Price ceiling Excess demand, Black Marketing, Fixed Rationing system Price Floor Excess supply,Minimum return the interest of farmers,Maximum level of output,Burden on cosumers,Burden on govt.

2Thank You

ANSWER

Is "EXCEPTIONS TO LAW OF DEMAND" a part of class 12 eco syllabus??

Posted by Pragati Gupta 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Angad Mehra 6 years, 7 months ago

Yes

0Thank You

Abhishek Attri 6 years, 7 months ago

Agricultural goods,Perishable goods,Ignorance,Expensive goods,

1Thank You

Ishu Soni 6 years, 7 months ago

Yes

1Thank You

ANSWER

What is the difference between market and planned economy

Posted by Sunidhi Agrawal 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Ishu Soni 6 years, 7 months ago

Not in syllabus

1Thank You

ANSWER

Is classification of money in syllabus?

Posted by Vidushi Khurana 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Digvijay Pandey 6 years, 7 months ago

Noooo it is not in our syllabus

0Thank You

Sakshi Jain 6 years, 7 months ago

Four types of money......

0Thank You

ANSWER

state any two problems of allocation of resources

Posted by Narinder Pal 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Gaurav Seth 6 years, 7 months ago

The central problems under 'problem, of allocation of resources' are :

(i) What to produce?

(ii) How to produce?

(iii) For whom to produce?

5Thank You

ANSWER

What is normative economics?and what is positive economics?

Posted by Nameera Anwar 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Suman Sharma 6 years, 7 months ago

1. Positive economics deals with how the economic problem facing a society are actually solved.... 2 . Normative economics deals with what ought to be or how the economic problems should be solved.....??

0Thank You

Angad Mehra 6 years, 7 months ago

Positive economics is that branch of economics which deals with such problem which are varifiable what is, what was, what will be Normative economics is that branch of economics which deals with such problems which involves value judgement amd not verifiable. what ought to be.

1Thank You

Gaurav Seth 6 years, 7 months ago

Positive economics deals with the things as they are (i.e., actuals) not what is desirable. It helps to know the cause and effect relationship of a particular activity. Normative economics deals with the things as they should be. It passes moral judgements. Thus it deals with idealistic situation instead of actual situation. Normative statements being ideal in nature can not be verified.

4Thank You

ANSWER

a person has 3 options for keeping his rs 1000 savings 1 to deposit in bank and get 1050 after one year 2 to give to his friend and get 1100 back and 3 to keep with himself .....he decided to keep it with himself ...what would be his opportunity cost?

Posted by Nishika Arora 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Dev Narula 6 years, 7 months ago

Point 2 i.e. to give his friend and get 1100 back.......because it is his next best alternative..

2Thank You

ANSWER

is depreciation explicit cost or impicit cost?

Posted by Nishika Arora 6 years, 7 months ago

CBSE > Class 12 > Economics

4 answers

Nitasha Yadav 6 years, 7 months ago

I think it is explicit cost because we don't pay depreciation outsider . For example if we buy an machinery the depreciation cost of per year is 20000 we pay all the money when we purchase the machinery so we can't say that it is impressed cost.

1Thank You

Nitin Jain 6 years, 7 months ago

Also i would request u to clear ur facts and then answer here..dont mislead others. U can check google also. #Nishika

0Thank You

Nitin Jain 6 years, 7 months ago

Depreciation is explicit cost beacause There is actual cash expenditure involved to meet the wear and tear of capital

1Thank You

Ishu Soni 6 years, 7 months ago

Implicit Nishika Ji

3Thank You

ANSWER

What is the Difference between domestic territory and normal resident?

Posted by Shreya Sharma 6 years, 7 months ago

CBSE > Class 12 > Economics

2 answers

Gaurav Seth 6 years, 7 months ago

Domestic territory is the geographical territory administered by a govt. within which persons, goods and capital circulate freely. Domestic territory is also called economic territory. It refers to the political frontiers of a country.

International organisations which are physically located within geographical boundaries of a country are not a part of domestic territory since their offices form part of the international territory.

Normal resident of a country refers to an individual or an institution who ordinarily resides in the country and whose centre of economic interest also lies in that country.

3Thank You

Nishika Arora 6 years, 7 months ago

domestic terrotory refers to that economic areas or boundaries where our people goods and services operate or move freely and normal residents refers to that persons who are residing in that country for more than 1 year and whose economic interest lies in that country.

2Thank You

ANSWER

Why does variable cost curve originate from the point of origin ?

Posted by Harsh Jain 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Nishika Arora 6 years, 7 months ago

bcz variable cost is zero at zero level of output

4Thank You

ANSWER

A consumer consumes only two goods X and Y both priced at Rs. 3 per unit . Tf the consumer chooses a combination of these two goods with MRS equal to 3, is the consumer in equilibrium ? Give reason. What will a rational consumer do in this situation ? explain

Posted by Pranay Khator 6 years, 7 months ago

CBSE > Class 12 > Economics

3 answers

Nitin Jain 6 years, 7 months ago

I m sorry to say but both of u r wrong. In this case MRS = 3 Px = 3 Py = 3 So , MRS = Px / Py It means, 3 = 3/3 3 > 1 Means in this situation MRS > Px/Py. It means that to obtain one more unit of X the consumer is willing to sacrifice more units of y as compared to what is required in market. It induces the consumer to buy more of X so MRS falls and continuous to fall till it becomes equal to the ratio of prices and equilibrium is established.

3Thank You

Harsh Goel 6 years, 7 months ago

Consumer is not in equilibrium because 1<3. In this situation consumer continue consumption of good X till MRS =MRE

0Thank You

Abhishek Attri 6 years, 7 months ago

The consumer is in equilibrium when MU=Price A rational consumer prefer those thing which gives him a higher level of satisfaction

0Thank You

ANSWER

Please tell me exact syllabus in chapter "money". Write headings which is in syllabus

Posted by Akanksha Priya 6 years, 7 months ago

CBSE > Class 12 > Economics

1 answers

Ishu Soni 6 years, 7 months ago

I can send you notes

0Thank You

ANSWER

What is the ideal supply for money

Posted by Parul Garg 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 6 years, 8 months ago

Ideal supply of money is that money supply which is required to buy goods and services produced in an economy. In other words, we can say that this money keeps the aggregate demand equal to aggregate supply so that inflation or deflation situations does not exist in the economy.

2Thank You

ANSWER

Implications of price ceiling?

Posted by Shashank Kumar 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Yogita Ingle 6 years, 8 months ago

Price Ceiling: It refers to fixing of the maximum price of a commodity at a level lower than the equilibrium price. The government imposes price ceiling in case of essential commodities (Wheat, Sugar; Kerosene etc.) when the equilibrium price determined by free market forces of demand and supply is high.
Implications of price ceiling :
(i) Shortage (excess demand): At this controlled price quantity demanded is more than quantity supplied. It creates a shortage and to overcome this shortage government may enforce the rationing system. (ii) Black marketing: If rationing is not administered by the government effectively it results in black marketing. Due to excess demand buyers will compete and they would be willing to buy a commodity at a higher price than the price fixed by the government.

1Thank You

ANSWER

State one example of positive economics

Posted by Alby Philip 6 years, 8 months ago

CBSE > Class 12 > Economics

4 answers

Dev Narula 6 years, 7 months ago

India is a developing country

1Thank You

Abhishek Attri 6 years, 8 months ago

India is overpopulated country

2Thank You

Yogita Ingle 6 years, 8 months ago

A fall in incomes will lead to a rise in demand for own-label supermarket foods
If the government raises the tax on beer, this will lead to a fall in profits of the brewers.
The rising price of crude oil on world markets will lead to an increase in cycling to work
A reduction in income tax will improve the incentives of the unemployed to find work.

2Thank You

Harika Muskan 6 years, 8 months ago

22% of population in india is below poverty line.

3Thank You

ANSWER

What do you mewn by production possibilities of an economy ?

Posted by Avi Ahluwalia 6 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Abhishek Attri 6 years, 8 months ago

PPC refers to graphical representation of possible combination of two goods which can be produced with given resources and technology

1Thank You

Yogita Ingle 6 years, 8 months ago

Production possibilities of an economy refer to alternative combination of commodities which can be produced with given resources and technology.

0Thank You

ANSWER

How to score 99in economics?upcoming 27

Posted by Moumita Paul 6 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Samyuktha Sundaresan 6 years, 7 months ago

By clearing all the topics and concepts☺

1Thank You

Dev Narula 6 years, 7 months ago

By revising deeply all topics

1Thank You

ANSWER

IC analysis of consumer equilibrium

Posted by Devjoyti Roy 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Attri 6 years, 8 months ago

Two conditions are fulfill 1.Slope of PL=Slope of IC 2.IC should be convex to the origin at equilibrium

0Thank You

ANSWER

Explain the concept of production possibility curve?

Posted by Sehaj Dhindsa 6 years, 8 months ago

CBSE > Class 12 > Economics

2 answers

Yogita Ingle 6 years, 8 months ago

It is a curve which shows various production possibilities with the help of given limited resources and technology. It is also known as Production Possibility Frontier and transformation curve.

0Thank You

Angad Mehra 6 years, 8 months ago

PPC is a curve that shows different combinations of two goods which can be produced when:resources are given, given resources are fully utilised.,technology remain constant

0Thank You

ANSWER

Why AC is more consistent than MC?

Posted by Kumar Vel 6 years, 8 months ago

CBSE > Class 12 > Economics

0 answers

ANSWER

What is the nature of relationship between the price of a commodity and quantity supplied?

Posted by Irfan Khan 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Tanisha Garg 6 years, 8 months ago

Positive relationship

1Thank You

ANSWER

Why tvc curve and tc curve are parallel

Posted by Nishtha Malhotra 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Angad Mehra 6 years, 8 months ago

Tvc and tc curve are parallel to each other and the vertical distance b/w them constant the se at all level of output because the gap between them represents tfc which remain constant at all level of output

1Thank You

ANSWER

Define budget.Explain the objective of equitable distribution of income through government budget.

Posted by Honey Singh 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Angad Mehra 6 years, 8 months ago

It is a systematic record of all expected income and expenditure of government during an accounting year

3Thank You

ANSWER

What do u mean by negative externalities

Posted by Rekhaben Kunjadiya 6 years, 8 months ago

CBSE > Class 12 > Economics

1 answers

Devashish Kumar Jha 6 years, 8 months ago

Negative externalities means bad impact on economic environment..for example stubble burning by farmers which lead to create air pollution and after doing this farmers not paying penalty for that........if helpful please support me on YouTube link given below https://youtu.be/5O3uUJ9r1sQ

2Thank You

ANSWER

if MRS is constant throughout, the IC curve will be...

Posted by Priya Gupta 6 years, 8 months ago

CBSE > Class 12 > Economics