AP (Advanced Placement) Macroeconomics: Questions 513 - 517 of 750

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Question 513

Question

MCQ▾

What condition satisfies a monopsony market?

Choices

Choice (5)Response

a.

Single seller

b.

Single buyer

c.

Small number of sellers

d.

Large number sellers

e.

None of the above

Question 514

Question

MCQ▾

What is the characteristic feature of the ‘Take off stage’ in Rostow՚s theory of growth?

Choices

Choice (5)Response

a.

Shift in consumption to non-agricultural luxury goods

b.

Decline in birth rate

c.

Shift in the ratio of secondary to primary sector in favour of the former

d.

All of the above

e.

None of the above

Question 515

Question

MCQ▾

Economic rent can be described as

Choices

Choice (5)Response

a.

Value of the next best alternative

b.

The amount paid to have the factor supplied

c.

The maximum amount a consumer is willing to pay

d.

Amount paid in excess of minimum amount needed for supply of factor

e.

All of the above

Question 516

Question

MCQ▾

“Swarm like clusters” is a phrase associated with which concept?

Choices

Choice (5)Response

a.

Schumpeter՚s innovation theory

b.

Hawtrey՚s monetary theory

c.

Pigou effect

d.

Hayek՚s monetary over investment theory

e.

All of the above

Question 517

Question

MCQ▾

In the analysis of inter-temporal choices, with two time periods, prices p1 and p2, income flow of m1 and m2, nominal interest rate r and inflation rate π, real interest rate ρ is equal to

Choices

Choice (5)Response

a.

b.

c.

d.

e.

Question does not provide sufficient data or is vague

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