AP (Advanced Placement) Microeconomics: Questions 57 - 59 of 398

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Question 57

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items of List – I and with items of List – II from the given codes: (September)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

David Ricardo

(i)

Absolute advantage

(B)

Adam Smith

(ii)

Factor endowment

(C)

Ohlin

(iii)

Opportunity cost

(D)

Haberler

(iv)

Comparative advantage

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iv)
  • (iii)
  • (ii)
  • (i)

b.

  • (i)
  • (iv)
  • (ii)
  • (iii)

c.

  • (i)
  • (iii)
  • (ii)
  • (iv)

d.

  • (iv)
  • (i)
  • (ii)
  • (iii)

e.

All of the above

Question 58

Appeared in Year: 2013 (NET)

Question

MCQ▾

The pure monopolist obtains equilibrium level of output when (September)

Choices

Choice (5)Response

a.

Price = Marginal Cost

b.

Price is the lowest

c.

Marginal Revenue = Marginal Cost

d.

Price is the highest

e.

None of the above

Question 59

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items in List – I with the items in List – II: (September)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Principles of Economics

(i)

Adam Smith

(B)

Law of Invisible Hand

(ii)

Dalton

(C)

Principle of Maximum Social Advantage

(iii)

Marshall

(D)

Kinked Demand Curve

(iv)

Paul Sweezy

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (i)
  • (ii)
  • (iv)

b.

  • (ii)
  • (iii)
  • (iv)
  • (i)

c.

  • (iv)
  • (ii)
  • (iii)
  • (i)

d.

  • (iii)
  • (iv)
  • (ii)
  • (i)

e.

All of the above

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