AP (Advanced Placement) Macroeconomics: Questions 684 - 686 of 750

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Question 684

Question

MCQ▾

Which of the following scenarios best describes a negative externality?

Choices

Choice (5)Response

a.

Your roommate՚s mom has decided that your apartment needs TiVo and pays for it.

b.

Your neighbor has a swimming pool and their six-year-old child has his first-grade friends over every day for a pool party.

c.

Your dad has purchased a new sports coupe and has agreed that you can drive it to the prom.

d.

Your neighbor has a swimming pool and you have an open invitation to come on over for a pool party.

e.

A roommate subscribes to a monthly CD club and you share the same taste in music.

Question 685

Question

MCQ▾

What is Proportional taxation?

Choices

Choice (5)Response

a.

Where the same rate of taxation imposed on each & everyone

b.

Where the tax rate decreases with the increase in the income

c.

Where the tax rate is different

d.

Where the tax rate increases with the increase in the income

e.

Question does not provide sufficient data or is vague

Question 686

Question

MCQ▾

Net Domestic Product is calculated as

Choices

Choice (5)Response

a.

NDP = GDP + Net factor income

b.

NDP = GDP + GNP

c.

NDP = GDP - Depreciation

d.

NDP = C + I + G + (X-M)

e.

All of the above

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