AP (Advanced Placement) Macroeconomics: Questions 491 - 494 of 750

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Question 491

Appeared in Year: 2019 (NET)

Question

MCQ▾

Which amongst the following market forms leads to most efficient allocation of resources? (December)

Choices

Choice (5)Response

a.

Monopolistic competition

b.

Monopoly

c.

Oligopoly

d.

Perfect competition

e.

Question does not provide sufficient data or is vague

Question 492

Question

MCQ▾

Identify the order of chronological development of the theory of demand.

i. Marshall՚s theory of demand

ii. Indifference curves

iii. Revealed preference theory

iv. Weak Preference ordering theory of demand.

Choices

Choice (5)Response

a.

i, iii, ii, iv

b.

i, ii, iii, iv

c.

iv, ii, i, iii

d.

i, iii, iv, ii

e.

All of the above

Question 493

Question

MCQ▾

Price scissor refers to

Choices

Choice (5)Response

a.

Relative price of imported goods in terms

b.

Relative price of industrial goods in terms of agricultural goods

c.

Relative price of fuel and industrial goods

d.

All of the above

e.

None of the above

Question 494

Appeared in Year: 2019 (NET)

Question

MCQ▾

Kaldor՚s growth model incorporates some of the following assumptions: (December)

I) Total savings include savings out of wages and savings out of profits

II) MPS out of wages is equal to MPS out of profits

III) Output consists of wages and profits

IV) There is less than full employment

Choose the correct option:

Choices

Choice (5)Response

a.

I) and III)

b.

I) and II)

c.

II) and III)

d.

III) and IV)

e.

Question does not provide sufficient data or is vague

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