AP (Advanced Placement) Macroeconomics: Questions 618 - 620 of 750

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Question 618

Appeared in Year: 2020 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List I with List II (September Evening Shift)

List-Ⅰ (Economist)List-Ⅱ (Model)
(A)

Fellner

(i)

Kinked demand curve

(B)

Chamberlin

(ii)

Small group model

(C)

Sweezy

(iii)

Price leadership model

(D)

Stackelberg

(iv)

Reaction curves

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (ii)
  • (i)
  • (iv)
  • (iii)

b.

  • (iii)
  • (ii)
  • (i)
  • (iv)

c.

  • (i)
  • (ii)
  • (iii)
  • (iv)

d.

  • (i)
  • (iv)
  • (ii)
  • (iii)

e.

All of the above

Question 619

Question

MCQ▾

If there is a rise in the income of the person, then demand curve in case of a normal good will

Choices

Choice (5)Response

a.

Shifts leftward

b.

Shifts rightward

c.

No shifting

d.

Question does not provide sufficient data or is vague

e.

All of the above

Question 620

Appeared in Year: 2020 (NET)

Question

MCQ▾

Given below are two statements

Statement I: Learning curve effect is related to a firms long-run average cost curve

Statement II: A swapped allocation is one that is Pareto efficient as well as an equitable allocation

In light of the above statements, choose the correct answer from the options given below

(September Evening Shift)

Choices

Choice (5)Response

a.

Statement I is correct but Statement II is false

b.

Both Statement I and Statement II are false

c.

Statement I is incorrect but Statement II is true

d.

Both Statement I and Statement II are true

e.

None of the above

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