AP (Advanced Placement) Macroeconomics: Questions 175 - 178 of 750

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Question 175

Appeared in Year: 2016 (NET)

Question

MCQ▾

For demand fuction , what is consumer՚s surplus at ? (Paper III)

Choices

Choice (5)Response

a.

b.

c.

d.

6

e.

All of the above

Question 176

Appeared in Year: 2016 (NET)

Question

MCQ▾

Logical extension of Cournot model is (Paper III)

Choices

Choice (5)Response

a.

Sweezy model

b.

Bertrand model

c.

Stackelberg model

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 177

Appeared in Year: 2015 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

One of the characteristics of many underdeveloped countries is that they have a low saving rate and low capital formulation. (June)

Reason(Ꭱ)

In underdeveloped countries this is mainly due to high level of consumption

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 178

Appeared in Year: 2015 (NET)

Question

MCQ▾

If there is balance of payments deficit, then in a floating exchange rate system: (December)

Choices

Choice (5)Response

a.

The injections from trade are greater than the withdrawals

b.

Aggregate demand is increasing

c.

The external value of currency will tend to fall

d.

The external value of currency will tend to rise

e.

All of the above

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