AP (Advanced Placement) Microeconomics: Questions 12 - 14 of 398

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Question 12

Appeared in Year: 2014 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match items in List – I with items in List – II and select the correct answer from the code given below: (June)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

The Screening Hypothesis

(i)

Paul Miller and Paul A. Volcker

(B)

The problem of moral hazard in the case of medical insurance

(ii)

K. J. Arrow

(C)

Job Market Signalling

(iii)

M. Spencer

(D)

The market for lemons

(iv)

George A. Akerlof

Choices

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

a.

  • (iv)
  • (i)
  • (ii)
  • (iii)

b.

  • (i)
  • (ii)
  • (iii)
  • (iv)

c.

  • (iv)
  • (iii)
  • (i)
  • (ii)

d.

  • (i)
  • (iv)
  • (iii)
  • (ii)

e.

All of the above

Question 13

Appeared in Year: 2017 (NET)

Question

MCQ▾

In the trade cycle theory of J. R Hicks, long run equilibrium is determined by

Choices

Choice (5)Response

a.

Population

b.

Technology

c.

Autonomous Investment

d.

Question does not provide sufficient data or is vague

e.

All of the above

Question 14

Appeared in Year: 2014 (NET)

Question

MCQ▾

An industry whose long run supply curve is horizontal is called (June)

Choices

Choice (5)Response

a.

Constant cost industry

b.

Decreasing Cost Industry

c.

Increasing Cost Industry

d.

Efficient Industry

e.

Question does not provide sufficient data or is vague

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