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Department of Economics 14.01 Principles of Microeconomics Final Exam Wednesday, December 19th, 2007 Last Name (Please print): _____ First Name: _____ MIT ID Number: _____ Instructions. 7) Principles of Macroeconomics - the public sector - market failure Chapter 1 - textbook notes Chapter 2 - textbook notes The Five Year Plans of India intend to develop the country industrially through: [NDA 1991], (a) the public sector Each question has only one correct answer. %PDF-1.6 %���� So that you can solve all the questions from Economics. Ans. QMICR1.DOC Page 3 (of 3) 1a Markets, demand and supply 2016-11-26 08 Substitutes and complements Good A and good B are related to each other, either being substitutes or comple-ments. You should write the letter of your choice (a, b, c, or d) clearly in the box before the relevant question. Answers for Multiple Choice Questions 1 (c) 2 (a) 3 (a) 4 (c) 5 (c) 6 (b) 7 (d) 8 (c) 9 (b) 10 (b) 11(a) 12(b) 13(d) 14(d) 15(a) 16(c) 17(b) 18(d) 19(d) 20(c) Chapter-2 PRINCIPLES OF MANAGERIAL ECONOMICS Multiple Choice Questions 1 The word that comes from the Greek word for “one who manages a …

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