AP (Advanced Placement) Macroeconomics: Questions 119 - 122 of 750

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Question 119

Appeared in Year: 2013 (NET)

Question

MCQ▾

The locus of Pareto Optimality in Production and Consumption is given by (December)

Choices

Choice (5)Response

a.

The Social Welfare Function

b.

The Transformation Curve

c.

The Grand Utility Possibility Curve

d.

The Utility Possibility Curve

e.

All of the above

Question 120

Appeared in Year: 2017 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the following:

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Irving Fisher

(i)

M = PKT

(B)

Keynes

(ii)

MV = PT

(C)

Robertson

(iii)

N = PK

(D)

Alfred Marshall

(iv)

M = PKY

Choices

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

a.

  • (iii)
  • (i)
  • (iv)
  • (ii)

b.

  • (ii)
  • (iv)
  • (i)
  • (iii)

c.

  • (ii)
  • (iii)
  • (iv)
  • (i)

d.

  • (ii)
  • (iii)
  • (i)
  • (iv)

e.

All of the above

Question 121

Appeared in Year: 2014 (NET)

Question

MCQ▾

A technical change is neutral if remains unchanged at constant ratio: (June)

Choices

Choice (5)Response

a.

Kaldor

b.

Harrod

c.

Hicks

d.

Solow

e.

Question does not provide sufficient data or is vague

Question 122

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which one of the following statements is true for Verdoons law?

Choices

Choice (5)Response

a.

Long run productivity generally grows proportionally to the square root of output growth.

b.

Verdoons law is quite in consonance with Solow models functioning.

c.

Short run productivity generally grows proportionally to the growth of output.

d.

The value of verdoons coefficient is nearly equal to 1.

e.

Question does not provide sufficient data or is vague

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