AP (Advanced Placement) Microeconomics: Questions 116 - 118 of 456
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Question 116
Appeared in Year: 2017
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. |
| |
e. | All of the above |
Question 117
Appeared in Year: 2017
Question MCQ▾
Which of the following statements is/are true for the current account of a country?
- It shows the net income generated in the foreign trade sector
- 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
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)
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 |