AP (Advanced Placement) Microeconomics: Questions 126 - 128 of 398

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Question 126

Appeared in Year: 2017 (NET)

Question

MCQ▾

The presence of increasing returns to scale in an industry leads to: (November Paper-III)

Choices

Choice (5)Response

a.

Give a comparative advantage in that industry to large countries

b.

Cause price in that industry to rise with output

c.

Make that industry perfectly competitive

d.

Discouraging producers from exporting

e.

Question does not provide sufficient data or is vague

Question 127

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 (Author)List-Ⅱ (Book)
(A)

Jagdish Bhagwati

(i)

In Defence of Globalisation

(B)

Ruchir Sharma

(ii)

Capitalism, Socialism and Democracy

(C)

Gunnar Myrdal

(iii)

The rise and fall of nations

(D)

Joseph Schumpeter

(iv)

Asian Drama

Choices

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

a.

  • (i)
  • (iii)
  • (ii)
  • (iv)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (iii)
  • (iv)
  • (ii)
  • (i)

d.

  • (i)
  • (iii)
  • (iv)
  • (ii)

e.

All of the above

Question 128

Appeared in Year: 2017 (NET)

Question

MCQ▾

In explaining the price effect, which of the following is/are constant? (November Paper-III)

(a) Real Income

(b) Money Income

(c) Price ratio

Choose the correct answer from the code given below:

Choices

Choice (5)Response

a.

Only (b)

b.

Both (b) and (c)

c.

Only (a)

d.

Both (a) and (c)

e.

None of the above

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