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Anna University Question Paper Code :60303
M.B.A. DEGREE EXAMINATION, MAY/JUNE 2014.
First Semester
BA 7103 — ECONOMIC ANALYSIS FOR BUSINESS
(Regulation 2013)
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PART A — (10 x 2 = 20 marks)
1. What is a free market economy?
2. What is meant by economic efficiency?
3. Distinguish between total utility and marginal utility.
4. What is meant by negative income elasticity?
5. What are the essentials of a market?
6. What are real wages?
7. What is Net National product?
8. How does the taxation policy of the government affect an economy?
9. What are the components of money market?
10. State any two causes of demand-pull inflation.
PART B — (5 x 16 = 80 marks)
11. (a) 'Micro economics occupies a vital place in economics and it has both theoretical and practical importance' – Elaborate.
Or
(b) 'The scarcity of the resources gives rise to various basic economic problems which have to be solved by an economy if it is to fulfill its . purpose' — Explain such problems.
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