AP (Advanced Placement) Macroeconomics: Questions 158 - 161 of 750

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Question 158

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which of the following is true with regard to peak-load pricing?

(1) It is applicable only for electrical public utilities.

(2) It leads to substitution in consumption from the period of peak demand to the period of low demand.

(3) It leads to reduction in consumer welfare.

(4) It leads to higher consumer welfare during peak periods when demand and marginal costs are low. (September)

Choices

Choice (5)Response

a.

(1) & (3) only.

b.

(1) & (2) only.

c.

(2) & (4) only.

d.

(2) & (3) only.

e.

All of the above

Question 159

Appeared in Year: 2013 (NET)

Question

MCQ▾

In an economy of two individuals (A & B) and two commodities (X and Y) general equilibrium of exchange is reached when (September)

Choices

Choice (5)Response

a.

b.

c.

d.

e.

All of the above

Question 160

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which country stands at the top in 2011 Human Development Index ranking of 187 countries in H. D. I. Report – 2011? (September)

Choices

Choice (5)Response

a.

New Zealand

b.

Norway

c.

U. S. A.

d.

Australia

e.

All of the above

Question 161

Appeared in Year: 2013 (NET)

Question

MCQ▾

The M1 definition of money is (September)

Choices

Choice (5)Response

a.

Currency outside banks, checking deposits and travelers checks

b.

Currency outstanding, checking deposits and money market deposit accounts

c.

Currency outside banks and checking deposits

d.

Currency outstanding and checking deposits

e.

None of the above

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