AP (Advanced Placement) Microeconomics: Questions 76 - 79 of 398

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Question 76

Appeared in Year: 2015 (NET)

Question

MCQ▾

Product differentiation is relevant to which set of the following market forms? (December)

Choices

Choice (5)Response

a.

Monopoly, Monopolistic Competition, Oligopoly.

b.

Monopolistic Competition, Oligopoly and Oligopsony.

c.

Perfect Competition, Monopoly and Bilateral monopoly

d.

Perfect Competition, Monopoly, Oligopoly.

e.

All of the above

Question 77

Appeared in Year: 2015 (NET)

Question

MCQ▾

During the year , which of the following was the largest item of expenditure of the central government? (June)

Choices

Choice (5)Response

a.

Major subsidies

b.

Capital expenditure

c.

Interest payments

d.

Defense expenditure

e.

None of the above

Question 78

Appeared in Year: 2016 (NET)

Question

MCQ▾

Slutsky equation explains the: (Paper II)

Choices

Choice (5)Response

a.

Demand for rare or non-reproducible goods

b.

Demand for durable goods.

c.

Split between price, income and substitution effects.

d.

Supply of durable goods.

e.

None of the above

Question 79

Appeared in Year: 2016 (NET)

Question

MCQ▾

Consider the following statements regarding the long run equilibrium in the monopolistic market.

I. Firms are in no profit no loss situation.

II. There is no entry or exit of the firms.

Which among the above statements are true? (Paper II)

Choices

Choice (5)Response

a.

Only II is true.

b.

Only I is true.

c.

I and II are true.

d.

Neither I nor II are true.

e.

None of the above

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