Economics paper (HSS 301) from BUTEX affiliated colleges' 2022 Level-3 Term-I finals. Questions cover factors of production, China's economic system, price, substitution and income effects, indifference curves, break-even numericals, and national income methods.
Level-3 Term-I, Final Exám-2022
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 subdivisions of economics.
(b) Describe the factors of production with example relating textiles.
(c) What is economic system? Explain Bangladesh economic system.
[4+4+4=12]
2. (a) What is economic system? Which economic system CHINA follows? Write down the characteristics of it.
(b) Differentiate between GDP & GNP.