AP (Advanced Placement) Macroeconomics: Questions 310 - 312 of 750

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Question 310

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following diagram showing the market demand and supply curves for a commodity. If the government fixes the price above the market clearing price , then the dead-weight loss is represented by: (November Paper-III)

Price and Quantity

Choices

Choice (5)Response

a.

Area of rectangle

b.

Area of triangle

c.

Area of triangle area of triangle

d.

Area of triangle

e.

None of the above

Question 311

Appeared in Year: 2017 (NET)

Question

MCQ▾

Movement from an inefficient allocation to an efficient allocation in the Edgeworth Box will: (November Paper-III)

Choices

Choice (5)Response

a.

Increase the utility of at least one individual, but may decrease the level of utility of another person

b.

Increase the utility of all individuals

c.

Increase the utility of one individual, but cannot decrease the utility of any individual

d.

Decrease the utility of all individuals

e.

Question does not provide sufficient data or is vague

Question 312

Appeared in Year: 2017 (NET)

Question

MCQ▾

Arrange the following acts in the order in which they came into force: (November Paper-III)

(a) Competition Act

(b) Foreign Exchange Management Act

(c) Consumer Protection Act

(d) The Factories Act

Choose the answer from the code below:

Choices

Choice (5)Response

a.

(c) , (d) , (b) , (a)

b.

(d) , (c) , (b) , (a)

c.

(b) , (a) , (d) , (c)

d.

(d) , (b) , (c) , (a)

e.

None of the above

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