AP (Advanced Placement) Macroeconomics: Questions 262 - 266 of 750

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Question 262

Appeared in Year: 2015 (NET)

Question

MCQ▾

Which one of the following curves will respond the supply curve of labor? (June)

Choices

Choice (5)Response

a.

Marginal product curve of labor

b.

Average product curve of labor

c.

Value of marginal product curve of labor

d.

Marginal revenue product curve of labor

e.

Question does not provide sufficient data or is vague

Question 263

Appeared in Year: 2015 (NET)

Question

MCQ▾

Who is the originator of ‘Buddhist economics’ ? (June)

Choices

Choice (5)Response

a.

Lee Kuan yew

b.

Dalai lama

c.

E. F. Schumacher

d.

Shinzo Abe

e.

None of the above

Question 264

Appeared in Year: 2015 (NET)

Question

MCQ▾

Recently the base year for calculating GDP in India has been changed to: (June)

Choices

Choice (5)Response

a.

2004 - 05

b.

2009 - 10

c.

2014 - 15

d.

2011 - 12

e.

All of the above

Question 265

Appeared in Year: 2016 (NET)

Question

MCQ▾

Who among the following economists considered the rate of interest to influence the transaction demand for money? (Paper III)

Choices

Choice (5)Response

a.

W. J. Baumol

b.

Keynes

c.

I. Fisher

d.

P. Samuelson

e.

All of the above

Question 266

Appeared in Year: 2016 (NET)

Question

MCQ▾

L shaped average cost curve is witnessed in the large firms because (Paper II)

Choices

Choice (5)Response

a.

The law of constant returns to scale operates.

b.

Only the law of increasing returns operates.

c.

Only the law of constant return operates.

d.

The operation of law of decreasing returns is continuously postponed.

e.

All of the above

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