Economics exam (HSS 301) from BUTEX affiliated colleges' 2020 Level-3 Term-I finals. Questions cover fundamental economic problems with textile examples, demand laws, economic system comparisons, GDP and GNP definitions, break-even charts, and real versus nominal GDP calculations.
Level-3 Term-I, Final Exám-2020
Subject: Economics (Code: HSS 301)
Time: 3.0 Hrs. Full Marks: 72
(Use separate answer script for Part: A and Part: B)
(All parts of a question must be answered consecutively)
Part: A
(Answer any three questions)
1. (a) What is Economics? Discuss the sub-disciplines of economics.
(b) Explain the fundamental Economics problems with example relating textiles.
(c) What is economic system? Classify economic systems.
[4+4+4=12]
2. (a) Define demand. Discuss Law of Demand with suitable example.
(b) Explain Demand schedule and Demand curve with some hypothetical data.
(c) Mention the factors of demand in details.
[4+4+4=12]
3. (a) Discuss about the fundamental economic problem.