Free BECC-112 Solved Assignment English medium 2022 for July 2022 and January 2023 Session
B.E.C.C-112
DEVELOPMENT ECONOMICS-I
Answer all the questions
A. Long Answer Questions (word limit-500 words)
1) Discuss the Classical Theory of Economic growth. Discuss the Marxian criticism of the Classical Theory of growth.
2) Explain the concept of economic inequality. Explain the various methods of measuring economic inequality.
B. Medium Answer Questions (word limit-250 words)
3) Discuss the significance of the four liberal principles of democracy.
4) What do you understand by a natural monopoly? Why are public utilities usually natural monopolies?
5) Explain the Learning-by-Doing model of Kenneth Arrow.
C. Short Answer Questions (word limit 100 words)
6) Differentiate between:
(a) Exogenous Growth and endogenous growth.
(b) Capital-augmenting technical change and capital-deepening technical chane.
(c) Market Failure and Government Failure.
7) Write short notes on the following.
(a) Lorenz Curve.
(b) Growth Accounting.
(c) Convergence.
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