AP (Advanced Placement) Macroeconomics: Questions 246 - 249 of 750

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Question 246

Appeared in Year: 2016 (NET)

Question

MCQ▾

Given the CES production function as

the elasticity of substitution between factors is (Paper III)

Choices

Choice (5)Response

a.

1

b.

c.

d.

e.

All of the above

Question 247

Appeared in Year: 2016 (NET)

Question

MCQ▾

For the testing of consistency and viability of a planning project, which of the prices are used? (Paper II)

Choices

Choice (5)Response

a.

Market Price

b.

Administered Price

c.

Shadow Price

d.

Controlled Price

e.

Question does not provide sufficient data or is vague

Question 248

Appeared in Year: 2016 (NET)

Question

MCQ▾

For the Harrod՚s model of growth, which among the following production functions best matches with the assumptions of the model? (Paper III)

Choices

Choice (5)Response

a.

Leontief production function

b.

Well-behaved production function

c.

Homogeneous production function

d.

C E S production function

e.

Question does not provide sufficient data or is vague

Question 249

Appeared in Year: 2016 (NET)

Question

Matching-Pair▾

Find the pair which does not match:

Choices

Choice (5)Response

a.

Adam Smith

Extent of Market

b.

J. B. Say

Balance in Supply and Demand

c.

T. R. Malthus

State of over production

d.

D. Ricardo

Modernization of Agriculture

e.

Question does not provide sufficient data or is vague

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