AP (Advanced Placement) Macroeconomics: Questions 333 - 336 of 750

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Question 333

Appeared in Year: 2017 (NET)

Question

MCQ▾

A market is said to be economically efficient if it maximizes (January Paper-3)

Choices

Choice (5)Response

a.

Consumer surplus

b.

Producer surplus

c.

Aggregate of consumer and producer surplus

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 334

Appeared in Year: 2017 (NET)

Question

MCQ▾

For the demand function , what is price elasticity of demand at ?

(January Paper-3)

Choices

Choice (5)Response

a.

b.

Zero

c.

1

d.

1.5

e.

None of the above

Question 335

Appeared in Year: 2017 (NET)

Question

MCQ▾

Consider the following items in the balance of payment in India

I. NRI deposits

II. Remittances

Which among the above is/are part of the capital account of balance of payments?

Answer from the codes below:

(January Paper-2)

Choices

Choice (5)Response

a.

I and II above

b.

Only II above

c.

Neither I nor II above

d.

Only I above

e.

All of the above

Question 336

Appeared in Year: 2017 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

An improvement in the income terms of trade is an indicator of increase in capacity to import.

(January Paper-3)

Reason(Ꭱ)

Income terms of trade can be computed by multiplying net barter terms of trade by the quantity of imports.

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

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