AP (Advanced Placement) Macroeconomics: Questions 148 - 150 of 750

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Question 148

Appeared in Year: 2014 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Given that the CES production function as:

Match List – I with List – II and select the answer from the codes given below: (June)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

(i)

Efficiency parameter

(B)

β

(ii)

Factor intensity

(C)

A

(iii)

Factor of substitutability

(D)

(iv)

Factor homogeneity

Choices

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

a.

  • (iv)
  • (iii)
  • (i)
  • (ii)

b.

  • (iv)
  • (i)
  • (iii)
  • (ii)

c.

  • (ii)
  • (i)
  • (iv)
  • (iii)

d.

  • (iv)
  • (ii)
  • (iii)
  • (i)

e.

All of the above

Question 149

Appeared in Year: 2013 (NET)

Question

MCQ▾

Market demand for any goods is a function of

i. price per unit of that goods

ii. Price per unit of related goods

iii. Income of the consumer

iv. Taste and preference of the consumer (September)

Choices

Choice (5)Response

a.

i and iii only are true.

b.

i, ii and iii only are true.

c.

i, ii, iii and iv are true.

d.

i and ii only are true.

e.

All of the above

Question 150

Appeared in Year: 2013 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

The imposition of Sales Tax does not affect the profit of the monopolist. (September)

Reason(Ꭱ)

The monopolist shifts the burden of Sales Tax on to the consumer.

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

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