AP (Advanced Placement) Macroeconomics: Questions 396 - 399 of 750

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Question 396

Question

MCQ▾

According to which model, investment in research technology will exhibit diminishing returns?

Choices

Choice (5)Response

a.

Solow model

b.

Uzawa model

c.

Romer model

d.

Arrow model

e.

Question does not provide sufficient data or is vague

Question 397

Question

MCQ▾

The J. Curve Effect was given by whom and what does it say?

Choices

Choice (5)Response

a.

Given By Stephen Magee, and it says that after devaluation, BOP will initially worsen and then improve

b.

Given By Marshal, and it says that after devaluation, BOP will initially worsen and then improve

c.

Given By Keynes, and it says that after devaluation, BOP will initially worsen and then improve

d.

Given By Lindahl, and it says that after devaluation, BOP will initially worsen and then improve

e.

None of the above

Question 398

Question

MCQ▾

Which of the following denotes Efficiency in production and exchange both?

Choices

Choice (5)Response

a.

b.

c.

d.

e.

None of the above

Question 399

Question

MCQ▾

Which of the following is correct about Perfect Competition and Monopolistic Competition?

Choices

Choice (5)Response

a.

In the long run, they make Super profits.

b.

In the long run, they make normal profits.

c.

In the long run, they make Economic losses.

d.

In long run, they make Economic Profits

e.

None of the above

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