AP (Advanced Placement) Microeconomics: Questions 119 - 122 of 398

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Question 119

Appeared in Year: 2017 (NET)

Question

MCQ▾

Which of the following is a problem connected with general equilibrium analysis? (November Paper-III)

Choices

Choice (5)Response

a.

Uniqueness problem

b.

Existence problem

c.

Stability problem

d.

All a., b. and c. are correct

e.

Question does not provide sufficient data or is vague

Question 120

Appeared in Year: 2017 (NET)

Question

MCQ▾

Core inflation has been described as: (November Paper-III)

Choices

Choice (5)Response

a.

Headline inflation food inflation

b.

Headline inflation fuel inflation

c.

Food inflation Fuel inflation

d.

Headline inflation (food inflation fuel inflation)

e.

None of the above

Question 121

Appeared in Year: 2017 (NET)

Question

MCQ▾

For an increase in the effective minimum wage to have less of an impact on employment, which of the following is correct?

  1. The demand for labour is relatively inelastic
  2. The demand for labour is relatively elastic
  3. The demand for labour is a derived demand

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

Choices

Choice (5)Response

a.

(1) and (3)

b.

(1) only

c.

(3) only

d.

(1) and (2)

e.

All of the above

Question 122

Appeared in Year: 2017 (NET)

Question

MCQ▾

Market prices adjusted to consider differences between social cost - benefit and private cost-benefit calculations are: (November Paper-III)

Choices

Choice (5)Response

a.

Consumer Surplus

b.

Shadow prices

c.

Price distribution

d.

Exchange rate

e.

All of the above

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