AP (Advanced Placement) Macroeconomics: Questions 8 - 11 of 750

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Question 8

Appeared in Year: 2013 (NET)

Question

MCQ▾

The premise, that benefit of economic growth will reach all sections of population is called (December)

Choices

Choice (5)Response

a.

Trickle up effect

b.

Backlash effect

c.

Trickle-down effect

d.

Take-off effect

e.

None of the above

Question 9

Appeared in Year: 2013 (NET)

Question

MCQ▾

What is the average monthly per capita expenditure (modified mixed recall period) for rural India in 2009 - 10? (December)

Choices

Choice (5)Response

a.

1322.25

b.

1984.46

c.

1053.64

d.

845.54

e.

All of the above

Question 10

Appeared in Year: 2013 (NET)

Question

MCQ▾

The cost incurred by the firm in hiring labour is called as (Dec)

Choices

Choice (5)Response

a.

Marginal Cost

b.

Implicit Cost

c.

Total Cost

d.

Explicit Cost

e.

Question does not provide sufficient data or is vague

Question 11

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following statements regarding the expansion path of the firm:

I - It shows the least cost combination of producing different levels of output

II- The input prices remain constant

Of the above which statement is/are true?

Answer from the codes given below:

Choices

Choice (5)Response

a.

Only II is true

b.

Only I is true

c.

I and II are true

d.

Neither I nor II is true

e.

Question does not provide sufficient data or is vague

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