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

Meaning	Balance of Trade is a statement that captures the country's export and import of goods with the remaining world.	Balance of Payment is a statement that keeps track of all economic transactions done by the country with the remaining world.
Records	Transactions related to goods only.	Transactions related to both goods and services are recorded.
Capital Transfers	Are not included in the Balance of Trade.	Are included in Balance of Payment.
Which is better?	It gives a partial view of the country's economic status.	It gives a clear view of the economic position of the country.
Result	It can be Favorable, Unfavorable or balanced.	Both the receipts and payment sides tallies.
Component	It is a component of Current Account of Balance of Payment.	Current Account and Capital Account.

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Reallocation of resources

Posted by Umesh Kumar 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Divyansh Jain 7 years, 1 month ago

It means to use resources in such a manner so that it will avalaible to our future generations

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Describe ppc

Posted by Nyage Taipodia 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Lakshita Sharma 7 years, 1 month ago

Perfect answer shruti....

2Thank You

Shruti Laddha 7 years, 1 month ago

Production possibility curve is a curve which shows all possible combinations of 2 goods which a economy can produce with given resources and available technology,assuming that resources are fully and efficiently utilised.

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What is meant by Official Reserve A/c

Posted by Soubiya Aziz 7 years, 1 month ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Economising of resources

Posted by Preeti Chauhan 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Pragya Tyagi 7 years, 1 month ago

Full and efficient utilisation of resources without any wastage is economising of resources.

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When average cost is equal to marginal cost then average cost is?

Posted by Mansi Nair 7 years, 1 month ago

CBSE > Class 12 > Economics

3 answers

Riya Jain 7 years, 1 month ago

AC is constant

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Manas Jain 7 years, 1 month ago

Then AC is at the minimum point

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Rahul Sharma 7 years, 1 month ago

Equal to marginal cost ?

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Arrange these elasticities in ascending order - -0.87, -0.53, -3.1, -0.80

Posted by Riya Jain 7 years, 1 month ago

CBSE > Class 12 > Economics

3 answers

Tanisha Garg 7 years, 1 month ago

0.53,-0.80,-0.87,-3.1.......negative sign is not considered while ascending the order because it shows only that there is negative relationship between demand and price

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Shagun Vishwakarma 7 years, 1 month ago

-0.53, -0.80, -0.87, -3.1

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Pretty Girl 7 years, 1 month ago

-3.1, -0.87, -0.80, -0.53

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What is implicit cost

Posted by Mukul Kashyap 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Tanishka Mittal 7 years, 1 month ago

Implicit cost is the hidden cost or generated from self owned resources

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what does rightward shift of ppc indicate

Posted by Anuj Kumar 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Guddu Kumar 7 years, 1 month ago

It indicates growth of resources and improvement of technology

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Gaurav Seth 7 years, 1 month ago

ightward shift of ppc indicates increase in resources and improvement in technologies.

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Tax Multiplier....???

Posted by Harsh Jain 7 years, 1 month ago

CBSE > Class 12 > Economics

0 answers

ANSWER

In a perfectly competitive market, the price of substitute falls on one hand and the cost of input used by producer while manufacturing this product also rise. How will the equilibrium price be effected

Posted by Suman Amar 7 years, 1 month ago

CBSE > Class 12 > Economics

0 answers

ANSWER

Under what condition a producer would like to supply more at a given level of price?

Posted by Rohit Keswani 7 years, 1 month ago

CBSE > Class 12 > Economics

5 answers

Harsh Jain 7 years, 1 month ago

When his profit is increasing at tht price level

1Thank You

Umesh Vashistha 7 years, 1 month ago

Short run mai kisi bhi pharm ki cost kam hoti hai or long run mai cost increase hoti chali jati hai. Ok

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Umesh Vashistha 7 years, 1 month ago

When supply is more then this condition is excess supply. Market equilibrium is S=D.

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Umesh Vashistha 7 years, 1 month ago

Mr=mc Mc should be increasing.

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Tanisha Garg 7 years, 1 month ago

When cost of production get falls

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What is meant by excess demand of good? Explain the changes which will bring about equlibrium price.

Posted by Devendra Kumar 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Pretty Girl 7 years, 1 month ago

when the actual demand for a commodity is greater than the planned demand, which is planned by the government

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ANSWER

Important question foe ch 7 short run equillibrium

Posted by Madhav Hans 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Umesh Vashistha 7 years, 1 month ago

Numerical problem es ch. Se aati hai ok. Multiplier k, consumption function and saving function pr question aata hai 100% . Plz revision jarur kre tab hai aap numerical problem kr paaoge ok.

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What is meant by inflationary gap ? Explain it with the help of AD andAS CURVE

Posted by Satyanshu Srivastav 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Shweta Aggarwal 7 years, 1 month ago

Inflationary gap refers to the situation in which aggregate supply is less than the aggregate demand. It means AD>AS

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Foreign exchange of market

Posted by Rajni Baghel 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 7 years, 1 month ago

Foreign exchange is a market where foreign currency is bought and sold.

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ANSWER

How can we define consumer equilibrium in case of two commodities

Posted by Anirban Mazumdar 7 years, 1 month ago

CBSE > Class 12 > Economics

4 answers

Mayank Tripathi 7 years, 1 month ago

A consumer is in equilibrium when the condition is satisfied that is the ratio of MUxof Px is equal to MUyof Py

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Shilpa Kathor 7 years, 1 month ago

MUx/Px=MUy/Py

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Abhishek Thakur 7 years, 1 month ago

It is a situation when consumer can maximise his satisfaction when he spents his entire income on the consumption of two goods in such a manner that the satisfaction from each additional rupee spent on two commodities are same.

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Sandeep Nayak 7 years, 1 month ago

consumer equilibrium refers to a situation in which a consumer derives maximum satisfaction with the given price of 2 commodities and income of consumer

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What is economy and economics

Posted by Gyanmani Kumar 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Riya Jain 7 years, 1 month ago

Ye question mere viva me poocha tha external ne

1Thank You

Abhishek Thakur 7 years, 1 month ago

Economy is a system which provide livelihood to the people. Economics is a subject which studies how to allocate scarce resources in such a manner that consumer can maximize its satisfaction, producer can maximize its profit and society can maximise its welfare.

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When is primary deficit zero?

Posted by Rahul Kaangar 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 7 years, 1 month ago

When fiscal deficit is equals to interest payment. It means government borrow only to make payments for its interest and not for any consumption purpose. It shows fiscal discipline.

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Ritu Manon 7 years, 1 month ago

Primary deficit is fiscal deficit - interest payment. So if fiscal deficit of current year and interest payment on previous borrowings are equal then ur primary deficit will be 0

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Why is indifference curve not intersects each other

Posted by Harsh Vardhan 7 years, 1 month ago

CBSE > Class 12 > Economics

4 answers

Nidhi Gupta 7 years, 1 month ago

Indifference curve shows combination of two goods which gives same level of satisfaction . Each point in ic curve given same level of satisfaction

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Abhishek Thakur 7 years, 1 month ago

Indifference curve is a graphical presentation of two goods which represent same level of satisfaction.

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Abhishek Thakur 7 years, 1 month ago

Different IC provides different level of satisfaction so that it is not possible to intersect wach other.

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Naveen Soni 7 years, 1 month ago

What is indifference curve

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I want graph related to types of elasticity of demand

Posted by Amisha Sharma 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 7 years, 1 month ago

1) Perfectly elastic demand curve is parallel to X-axis. 2) Perfectly inelastic demand curve is parallel to Y-axis. 3) unitary elastic demand curve is rectangular hyperbola. 4) more than unitary elastic or relatively elastic demand curve is downward sloping flatter demand curve. 5) less than unitary elastic or relatively inelastic demand curve is downward sloping steeper demand curve.

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45 digree line means

Posted by Nidhi Gupta 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 7 years, 1 month ago

It means at any point on this curve vertical distance is equal to horizontal distance. So, that AS is identical with income.

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Ritu Manon 7 years, 1 month ago

It means that change is at constant rate

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For any doubt on value added method questions watch mu video on youtube https://youtu.be/fU_CPZRz7XA

Posted by Suhani Dangarh 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Devendra Kumar 7 years, 1 month ago

Jarur but value added method is simple Pls upload multplier numericals Chapter - aggregate demand and its component

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ANSWER

Define marginal rate of substitution

Posted by Suvankar Roy 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 7 years, 1 month ago

It is a rate at which Consumer is willing to sacrifice (substitute) one good (Y) for an additional unit of another good (X).

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Navdeep Khalsa 7 years, 1 month ago

Refers to that the one good is sacrifice to produce an additional unit

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Money and bankinh

Posted by Meera Iyer 7 years, 1 month ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 7 years, 1 month ago

Questions please

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Important topics which should be covered in less time approx 1 month befor exam

Posted by Shalini Choudhary 7 years, 1 month ago

CBSE > Class 12 > Economics

2 answers

Abhishek Thakur 7 years, 1 month ago

All the topics of Economics can be easily covered in one month Follow this order (1) Money and Banking (2) Government Budget (3) Foreign exchange & BOP (4) Income and output determination (5) forms of market (6) production function, cost ,revenue , Producer Equilibrium (confirm 6marks question) (7) demand, supply (8) Elasticity of demand and supply (9) Introduction i.e. PPC (10) Consumers's Equilibrium (11) national income. First 5 topics can be easily covered in 10 days. 6-10 can be covered in next 10-15 days 11 can be covered in 5-7 days. All the best.

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Rahul Mittal 7 years, 1 month ago

National income numerical for 6 marks AD and AS

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Classification of money

Posted by Anny Bansal 7 years, 2 months ago

CBSE > Class 12 > Economics

1 answers

Abhishek Thakur 7 years, 1 month ago

Not in syllabus Otherwise classification is (a) on the basis of acceptance (i) legal tender Money (fiat money) (ii) Non- legal tender Money ( optional money)

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What is economic welfare?

Posted by Tushar Patki 7 years, 2 months ago

CBSE > Class 12 > Economics