AP (Advanced Placement) Macroeconomics: Questions 165 - 167 of 750

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Question 165

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match items given in List – I with those given in List – II: (September)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Money as a Temporary Abode of Purchasing Power

(i)

Milton Friedman

(B)

Inventory Theoretic Approach

(ii)

W. Baumol

(C)

A Discontinuous Individual Speculative Demand for Money Function

(iii)

J. M. Keynes

(D)

Liquidity Preference as Behavior towards Risk

(iv)

James Tobin

Choices

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

a.

  • (iii)
  • (iv)
  • (ii)
  • (i)

b.

  • (iii)
  • (i)
  • (ii)
  • (iv)

c.

  • (iv)
  • (iii)
  • (ii)
  • (i)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

e.

All of the above

Question 166

Appeared in Year: 2013 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

A lump sum tax imposed on a monopolist cannot be shifted to the consumers. (September)

Reason(Ꭱ)

The lump sum tax becomes a part of his fixed cost and it does not affect the marginal cost of production.

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

Question 167

Appeared in Year: 2013 (NET)

Question

MCQ▾

Hedging refers to (September)

Choices

Choice (5)Response

a.

The covering of a foreign exchange risk

b.

Foreign exchange arbitrage

c.

Foreign exchange speculation

d.

The acceptance of a foreign exchange risk

e.

None of the above

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