problem 1:

A perfectly competitive firm is better than monopolistic firm in terms of economic efficiency. Discuss and describe with aid of diagram.

problem 2:

What are the disadvantages and advantages of monopoly market?

problem 3:

Is Protectionism always advantageous? Discuss and describe with aid of exs.

problem 4:

To what extent can a country actually rely on principle of Comparative advantage before engaging in international trade?

problem 5:

To what extent is economic growth advantageous to economy?

problem 6:

Describe using diagrams why a 10 % raise in investment leads to a higher percentage raise in National Income?