AP (Advanced Placement) Macroeconomics: Questions 676 - 679 of 750

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Question 676

Question

MCQ▾

Production of energy (i.e.. , electricity, natural gas, heating oil) creates a negative externality in the form of air pollution blown to communities downwind from the source of the pollution. Of the choices below, which is the most appropriate policy to remedy this negative externality?

Choices

Choice (5)Response

a.

a per unit tax on consumers of subway tickets and city bus passes.

b.

a per unit tax on producers of energy.

c.

a per unit subsidy for energy consumers.

d.

a per unit tax on consumers of energy efficient light bulbs.

e.

a per unit subsidy for energy producers.

Question 677

Question

MCQ▾

What is labor market equilibrium?

Choices

Choice (5)Response

a.

Where the labor supply is more than demand

b.

Where demand and supply of labor are equals to each other

c.

Where demand is higher than the supply

d.

All of the above

e.

None of the above

Question 678

Question

MCQ▾

If Real GDP = $ 200 billion and the price index = 200, Nominal GDP is

Choices

Choice (5)Response

a.

$ 400 billion.

b.

$ 200 billion.

c.

$ 4 billion.

d.

impossible to determine since the base year is not given.

e.

$ 2 billion.

Question 679

Appeared in Year: 2020 (NET)

Question

MCQ▾

Which of the following situations represents an economic investment in the national income calculation?

A. Buying a newly constructed house for self-occupation

B. Buying of new shares

C. Buying a new car by a publishing house for delivering books

D. Buying a new car by a household

Choose the correct answer from the options given below:

(September Evening Shift)

Choices

Choice (5)Response

a.

A, B and C only

b.

A, C and D only

c.

A and C only

d.

None of the above

e.

All of the above

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