AP (Advanced Placement) Microeconomics: Questions 71 - 75 of 456

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Question 71

Appeared in Year: 2015

Question MCQ▾

14th finance commission recommended funds as: (June)

Choices

Choice (5)Response

a.

States contribution to centre

b.

States development funds

c.

States share in sales taxes

d.

Central assistance to states (CAS)

e.

None of the above

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Question 72

Appeared in Year: 2016

Question MCQ▾

In the following Cobb-Douglas production function , then the share of labour would be (Paper III)

Choices

Choice (5)Response

a.

α

b.

c.

d.

e.

None of the above

Edit

Question 73

Appeared in Year: 2016

Question MCQ▾

Which of the following statement (s) is/are true for the gravity model to explain trade?

I. It is used in the bilateral context.

II. It was developed by Jan Tinbergen in 1962.

III. It takes into account the distance among the trading nations.

Select the correct answer from the code below: (Paper III)

Choices

Choice (5)Response

a.

I, II and III

b.

II and III are true.

c.

Only II is true.

d.

Only I and III are true.

e.

None of the above

Edit

Question 74

Appeared in Year: 2016

Question MCQ▾

For demand fuction , what is consumer՚s surplus at ? (Paper III)

Choices

Choice (5)Response

a.

b.

c.

d.

6

e.

All of the above

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Question 75

Appeared in Year: 2016

Question MCQ▾

Logical extension of Cournot model is (Paper III)

Choices

Choice (5)Response

a.

Sweezy model

b.

Bertrand model

c.

Stackelberg model

d.

None of the above

e.

Question does not provide sufficient data or is vague

Edit