AP (Advanced Placement) Macroeconomics: Questions 408 - 411 of 750

Access detailed explanations (illustrated with images and videos) to 750 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 400.00 -OR-

How to register? Already Subscribed?

Question 408

Question

MCQ▾

Which of the following is not true about Sweezy kinked demand curve?

Choices

Choice (5)Response

a.

When the Oligopolist tries to increase price, then everyone else also increase the price.

b.

When the Oligopolist tries to decrease the price, then everyone else also decrease the price.

c.

The demand curve portion below the kink is of heterogeneous goods, and is of less elastic.

d.

The demand curve portion above the kink is of homogenous goods, and is highly elastic.

e.

All of the above

Question 409

Question

MCQ▾

According to “The absorption approach” the balance of payments will improve when the marginal propensity to absorb (e) is …

Choices

Choice (5)Response

a.

b.

c.

d.

e.

Question does not provide sufficient data or is vague

Question 410

Question

MCQ▾

According to the Marshall-Lerner, when the elasticity of imports and exports is greater than one, after devaluation what would happen to the BOP of a country?

Choices

Choice (5)Response

a.

BOP would stay the same

b.

BOP would improve

c.

BOP would first improve then decline

d.

BOP would decline

e.

All of the above

Question 411

Question

MCQ▾

RBI has not acted as central bank for which of the following nation?

Choices

Choice (5)Response

a.

Burma/Myanmar

b.

Pakistan

c.

India

d.

Sri lanka

e.

Question does not provide sufficient data or is vague

Developed by: