AP (Advanced Placement) Macroeconomics: Questions 49 - 52 of 750

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Question 49

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which of the following is true with respect to the monetary approach to the balance of payments? (December)

Choices

Choice (5)Response

a.

A balance of payments surplus results from an excess demand for money.

b.

A balance of payments deficit results from an excess supply of money in the nation.

c.

Balance of payments disequilibrium are automatically corrected in the long run.

d.

All a., b. and c. are correct

e.

None of the above

Question 50

Appeared in Year: 2014 (NET)

Question

MCQ▾

Arrange the following in chronological order:

I. Sarkar Award

II. Niemeyer Award

III. Deshmukh Award

IV. Meston Award (June)

Choices

Choice (5)Response

a.

II, IV, III, I

b.

IV, II, I, III

c.

III, II, IV, I

d.

IV, III, II, I

e.

All of the above

Question 51

Appeared in Year: 2013 (NET)

Question

MCQ▾

Income elasticity of demand for food in developed countries is less than (December)

Choices

Choice (5)Response

a.

1

b.

2

c.

0

d.

3

e.

Question does not provide sufficient data or is vague

Question 52

Appeared in Year: 2017 (NET)

Question

MCQ▾

Under discriminating monopoly, if the elasticity of demand in market I is 2 and in market II, it is 1, (elasticity՚s being in absolute terms) then the price behavior of the monopolist will be:

Choices

Choice (5)Response

a.

To charge a price in market I

b.

In market I, charge double the price of that is charged in market II

c.

To charge a higher price in market II

d.

To charge the same price in both the markets

e.

None of the above

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