AP (Advanced Placement) Macroeconomics: Questions 387 - 391 of 750

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Question 387

Question

Matching-Pair▾

Find matching pair:

Choices

Choice (5)Response

a.

Perfect Competition

zero cross elasticity.

b.

Perfect competition

Infinite cross elasticity

c.

Monopoly

infinite cross elasticity

d.

Monopolistic competition

very low cross elasticity

e.

All of the above

Question 388

Question

MCQ▾

The concept of excess capacity in monopolistic market structure was given by whom?

(i) Chamberlin

(ii) Paul Sweezy

(iii) John Cassel

(iv) Harvey Lebinstien

Choices

Choice (5)Response

a.

Only (i) & (ii)

b.

Only (i)

c.

Only (i) & (iv)

d.

Only (i) & (iii)

e.

None of the above

Question 389

Question

MCQ▾

What is the shape of demand curve under monopoly.

Choices

Choice (5)Response

a.

Vertical

b.

Horizontal

c.

Upward

d.

Downward

e.

Question does not provide sufficient data or is vague

Question 390

Question

MCQ▾

Which is the supply curve of the firm under perfect competition?

Choices

Choice (5)Response

a.

MC curve above AFC.

b.

MC curve above ATC.

c.

MC curve from the lowest point.

d.

MC curve above AVC.

e.

Question does not provide sufficient data or is vague

Question 391

Question

MCQ▾

Who is the current governor of RBI and he succeeded whom?

Choices

Choice (5)Response

a.

Shaktikanta Das, & he succeeded Raghu Ramrajan

b.

Shaktikanta Das, & he succeeded Urjit Patel

c.

Urjit Patel, & he succeeded Shaktikanta Das

d.

Urjit Patel, & he succeeded Raghu Ramrajan

e.

None of the above

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