AP (Advanced Placement) Microeconomics: Questions 105 - 108 of 398

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Question 105

Appeared in Year: 2016 (NET)

Question

MCQ▾

A cartel aims at maximizing (Paper II)

Choices

Choice (5)Response

a.

goodwill of the members

b.

share of output of members

c.

industry profits

d.

individual profits

e.

Question does not provide sufficient data or is vague

Question 106

Appeared in Year: 2015 (NET)

Question

MCQ▾

For Real Effective Exchange Rate consider the following statements and select the correct answer from the codes given below:

  1. It refers to average value of country՚s currency in relation to an index of basket of values major countries՚ currencies
  2. It refers to nominal ratio of a country՚s currency value to average value of a basket of currency (December)

Choices

Choice (5)Response

a.

Only (1) is true

b.

Neither (1) and (2) is true

c.

Only (2) is true

d.

(1) and (2) is true

e.

None of the above

Question 107

Appeared in Year: 2016 (NET)

Question

MCQ▾

Which of the following is not a problem of Insurance Markets? (Paper II)

Choices

Choice (5)Response

a.

Adverse selection

b.

Asymmetric Information

c.

Principal-agent problem

d.

Moral Hazard

e.

None of the above

Question 108

Appeared in Year: 2016 (NET)

Question

MCQ▾

In consumption, inferior goods have (Paper II)

Choices

Choice (5)Response

a.

Zero income effect

b.

Negative income effect

c.

Infinite income effect

d.

Positive income effect

e.

None of the above

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