AP (Advanced Placement) Macroeconomics: Questions 281 - 284 of 750

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Question 281

Appeared in Year: 2017 (NET)

Question

MCQ▾

Market prices adjusted to consider differences between social cost - benefit and private cost-benefit calculations are: (November Paper-III)

Choices

Choice (5)Response

a.

Consumer Surplus

b.

Shadow prices

c.

Price distribution

d.

Exchange rate

e.

All of the above

Question 282

Appeared in Year: 2017 (NET)

Question

MCQ▾

Who amongst the following made the following statement? (November Paper-III)

“The Table of nature is laid for the few. Those who come uninvited will starve” .

Choices

Choice (5)Response

a.

Julius Simon

b.

H. Dalton

c.

E. Boserup

d.

T. W. Malthus

e.

None of the above

Question 283

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which amongst the following economists can be classified as strong advocate of protectionist policy of trade? (November Paper-III)

Choices

Choice (5)Response

a.

F. List and A. Hamilton

b.

Adam Smith and David Ricardo

c.

A Hamilton and J. S. Mill

d.

J. S. Mill and P. Krugman

e.

All of the above

Question 284

Appeared in Year: 2017 (NET)

Question

MCQ▾

The presence of increasing returns to scale in an industry leads to: (November Paper-III)

Choices

Choice (5)Response

a.

Give a comparative advantage in that industry to large countries

b.

Cause price in that industry to rise with output

c.

Make that industry perfectly competitive

d.

Discouraging producers from exporting

e.

Question does not provide sufficient data or is vague

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