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Amity International School, Pushp Vihar Class Xi Economics Holiday Homework

1. The document contains 15 questions from the topics of economics including definitions of key terms like production possibility curve and price elasticity of demand. 2. Questions ask students to identify economic and non-economic activities, calculate price elasticity using percentage changes in price and demand, and explain concepts like the central problem of the economy. 3. Students are also asked to interpret production possibility frontiers and newspaper headlines about changes in demand for goods using demand and supply diagrams.

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AKSHAT SHARMA
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102 views2 pages

Amity International School, Pushp Vihar Class Xi Economics Holiday Homework

1. The document contains 15 questions from the topics of economics including definitions of key terms like production possibility curve and price elasticity of demand. 2. Questions ask students to identify economic and non-economic activities, calculate price elasticity using percentage changes in price and demand, and explain concepts like the central problem of the economy. 3. Students are also asked to interpret production possibility frontiers and newspaper headlines about changes in demand for goods using demand and supply diagrams.

Uploaded by

AKSHAT SHARMA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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AMITY INTERNATIONAL SCHOOL, PUSHP VIHAR

CLASS XI
ECONOMICS HOLIDAY HOMEWORK

1 Name the Economist who gave the growth definition of Economics. 1

2 Which economic activity is concerned with increasing the utility or value of goods and 1
services?

3 Enumerate any three points of distinction between Micro economics and Macro Economics 3

4 Identify the nature of statements (Positive / Normative) given below. Give reason in support 3
of your answer.
a. Progressive tax system is followed in India
b. Government should discourage smoking by imposing higher taxes on cigarettes.

5 Identify the statements under Economic or Non-Economic activities. 3


a) Doctor treating patients in AIIMS hospital
b) Mother cooking food for her daughter
c) A group of people organising free food camps

6 Define Production Possibility Curve. State any two assumptions on which a PPC is based. 3

7 Discuss the likely impact of ‘Beti bachao beti padhao’ initiative of the government on the 3
PPC of the economy.

8 If P/P = 0.2 and price elasticity is (-) 2, calculate the percentage fall in demand. Also 4
calculate the original expenditure if new expenditure is ₹ 180 at a price of ₹ 6.

9 Explain the central problem of the economy which deals with the ‘distribution of income’. 4

10 Explain with the help of diagram, how expectation of rise in the price of the given 4
commodity effect of the demand for that commodity.

4
11 A consumer spends ₹ 100 on a good priced at 4 per unit. When price falls by 50%, the
consumer continues to spend ₹ 100 on the good. Calculate price elasticity of demand by
percentage method.

12 Goods X and Y have equal price elasticity of demand. The demand for X rises from 100 units 4
to 150 units due to a 20% fall in its price. Calculate the percentage fall in demand of Y if its
price rises by 8%.

13 The price of a commodity is ₹ 12 per unit and its quantity demanded is 500 units. When 4
price rises by ₹ 3 per unit, its quantity demanded falls by 150 units. Calculate price elasticity
of demand and comment on the elasticity.

14
The following table depicts the production possibilities of commodities X and Y:
Possibility A B C D E F
Good X 0 10 20 30 40 50
Good Y 210 200 180 140 80 0

a. Calculate MOC from the given data. 3


b. Comment on the shape of PPC. Give reason for your answer. 2
c. What do the points A, B, C, D and E indicate? 1

15
Read the following newspaper headlines and explain the change in demand of these
commodities with the help of suitable diagrams.
a. ‘After Coronavirus cases (Covid-19) were confirmed in different parts of the country, 3
there has been a sudden jump in demand for mask and safety gears like gloves and
sanitizers.’
b. A decline in the demand for oil has been observed amid global slowdown. 3

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