AP (Advanced Placement) Macroeconomics: Questions 382 - 386 of 750

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Question 382

Question

MCQ▾

Which of the following statements are correct about Pareto optimality?

(i) The concept is named after Thomas Pareto.

(ii) It is a condition of allocation of resources from where it is impossible to make someone better off without making someone worse off.

(iii) A Pareto improvement is an improvement in which one individual is made better off without making another worse off.

Choices

Choice (5)Response

a.

Only (ii) & (iii)

b.

All (i) , (ii) , (iii) are correct.

c.

Only (i)

d.

Only (i) & (ii)

e.

Question does not provide sufficient data or is vague

Question 383

Question

MCQ▾

Which of the following is not the part of Organized Capital market in India?

Choices

Choice (5)Response

a.

LIC

b.

CHIT FUNDS

c.

ICICI

d.

UTI

e.

All of the above

Question 384

Question

MCQ▾

Which Country is one rank one on HDI, and what is India՚s rank?

Choices

Choice (5)Response

a.

Norway & 70

b.

Sweden & 131

c.

Norway & 130

d.

USA & 45

e.

All of the above

Question 385

Question

MCQ▾

Which of the following growth models is called as exogenous growth model?

Choices

Choice (5)Response

a.

AK model

b.

Solow Model

c.

Romer Model

d.

Arrow model

e.

All of the above

Question 386

Question

MCQ▾

Which of the following is not correct about Bergson Samuelson Social Welfare Function?

Choices

Choice (5)Response

a.

B-S welfare function is explained by social Indifference curve.

b.

It was specified to describe the society as a whole.

c.

B-S social welfare function is called individualistic social welfare Function.

d.

It is a Cardinal Index.

e.

None of the above

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