AP (Advanced Placement) Macroeconomics: Questions 608 - 611 of 750

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Question 608

Question

MCQ▾

The locus of Pareto optimality in production and consumption is given by

Choices

Choice (5)Response

a.

The utility possibility curve

b.

The grand utility possibility curve

c.

The social welfare function

d.

The transformation curve

e.

None of the above

Question 609

Question

MCQ▾

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

Choices

Choice (5)Response

a.

A balance of payments surplus results from an excess supply of money

b.

It views the balance of payments as an essentially monetary phenomenon.

c.

A balance of payments deficits results from an excess demand of money in the nation

d.

Balance of payments disequilibrium are not automatically corrected in the long run.

e.

All of the above

Question 610

Question

MCQ▾

Blue box of WTO deals with

Choices

Choice (5)Response

a.

Grants for education

b.

Subsidies

c.

Assistance for research and development

d.

Direct payments to farmers

e.

Question does not provide sufficient data or is vague

Question 611

Appeared in Year: 2020 (NET)

Question

MCQ▾

Given the production function, , the Marginal Product of Labour and Capital , respectively are given by

A.

B.

C.

D.

Choose the correct answer from the options given below: (September Evening Shift)

Choices

Choice (5)Response

a.

A and D are true only

b.

A and C are true only

c.

B and D are true only

d.

B and C are true only

e.

Question does not provide sufficient data or is vague

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