AP (Advanced Placement) Macroeconomics: Questions 205 - 208 of 750

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Question 205

Appeared in Year: 2015 (NET)

Question

MCQ▾

New Trade Policy 2015 - 20 has introduced a new scheme which is called: (December)

Choices

Choice (5)Response

a.

Trade from India scheme

b.

Exports from India Scheme

c.

Merchandise exports from India Scheme

d.

Merchandise Trade from India Scheme

e.

Question does not provide sufficient data or is vague

Question 206

Appeared in Year: 2015 (NET)

Question

MCQ▾

Between the two situations for a firm profit maximization and sales revenue maximization, the equilibrium for a profit maximizer as compared to sales revenue maximizer, takes place at: (December)

Choices

Choice (5)Response

a.

Lower output and higher price

b.

Larger output and lower price

c.

Larger output and larger price

d.

Lower output and lower price

e.

Question does not provide sufficient data or is vague

Question 207

Appeared in Year: 2016 (NET)

Question

MCQ▾

One of the essential conditions of monopolistic competition is (Paper III)

Choices

Choice (5)Response

a.

Many buyers but one seller

b.

Product differentiation

c.

Homogeneous product

d.

Price discrimination

e.

Question does not provide sufficient data or is vague

Question 208

Appeared in Year: 2015 (NET)

Question

MCQ▾

In which of the following market situation are the firms mutually interdependent in pricing and output decision? (June)

Choices

Choice (5)Response

a.

Monopoly

b.

Monopsony

c.

Monopolistic competition

d.

Oligopoly

e.

None of the above

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