AP (Advanced Placement) Microeconomics: Questions 116 - 118 of 398

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Question 116

Appeared in Year: 2017 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List - I and List - II and select the correct answer from the code given below: (November Paper-III)

List-Ⅰ (Curve)List-Ⅱ (Relationship)
(A)

Engel curve

(i)

Tax Revenue - Tax rate

(B)

Laffer curve

(ii)

Income - consumption

(C)

Kuznets curve

(iii)

Environment - Per capita Income

(D)

Rahn curve

(iv)

Govt. Expenditure - per capita Income

Choices

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

a.

  • (ii)
  • (i)
  • (iii)
  • (iv)

b.

  • (i)
  • (ii)
  • (iv)
  • (iii)

c.

  • (iv)
  • (i)
  • (ii)
  • (iii)

d.

  • (i)
  • (iii)
  • (iv)
  • (ii)

e.

All of the above

Question 117

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which of the following statements is/are true for the current account of a country?

  1. It shows the net income generated in the foreign trade sector
  2. It relates to claims and liabilities of financial nature

Choose the correct answer from the code given below: (November Paper II)

Choices

Choice (5)Response

a.

Neither (1) nor (2) is true

b.

Only (2) is true

c.

(1) and (2) are true

d.

Only (1) is true

e.

All of the above

Question 118

Appeared in Year: 2017 (NET)

Question

MCQ▾

In the adjacent diagrams , the demand curve and supply curve are shown. Point represent the equilibrium points. Then which of the following is correct? (November Paper-III)

Curve DD and Curve SS

Choices

Choice (5)Response

a.

Points are the points of stable equilibrium

b.

Points are points of unstable equilibrium

c.

Equilibrium is unstable at point and stable at point

d.

Equilibrium is stable at point and unstable at point

e.

All of the above

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