AP (Advanced Placement) Macroeconomics: Questions 234 - 237 of 750

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Question 234

Appeared in Year: 2015 (NET)

Question

MCQ▾

Giffen paradox occurs when income effect is: (June)

Choices

Choice (5)Response

a.

Equal to the substitution effect

b.

Less than substitution effect

c.

Negative and is greater than the substitution effect

d.

Greater than the substitution effect

e.

None of the above

Question 235

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which Finance Commission has used forest cover as a criterion for horizontal distribution of resources in India? (Paper III)

Choices

Choice (5)Response

a.

10th Finance Commission

b.

13th Finance Commission

c.

12th Finance Commission

d.

14th Finance Commission

e.

All of the above

Question 236

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which among the following are true for excess demand function for an individual? (Paper III)

Choices

Choice (5)Response

a.

Homogenous of degree zero in all prices.

b.

These obey Walras law.

c.

Both a. and b. are correct

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 237

Appeared in Year: 2015 (NET)

Question

MCQ▾

Hedging in the foreign exchange market refers to: (December)

Choices

Choice (5)Response

a.

Not covering a risk of foreign exchange in future

b.

Covering a risk of foreign exchange in future

c.

An act of devaluation

d.

Question does not provide sufficient data or is vague

e.

None of the above

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