AP (Advanced Placement) Microeconomics: Questions 160 - 163 of 398

Access detailed explanations (illustrated with images and videos) to 398 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 250.00 -OR-

How to register? Already Subscribed?

Question 160

Appeared in Year: 2017 (NET)

Question

Matching-Pair▾

Find the pair which does not match:

Choices

Choice (5)Response

a.

Fishing in the large lake

Non-exclusive but rival

b.

Air

Non-exclusive and non-rival

c.

Use of a light house

Rival

d.

Stock of washing machines

Exclusive

e.

All of the above

Question 161

Appeared in Year: 2017 (NET)

Question

MCQ▾

A market is said to be economically efficient if it maximizes (January Paper-3)

Choices

Choice (5)Response

a.

Consumer surplus

b.

Producer surplus

c.

Aggregate of consumer and producer surplus

d.

None of the above

e.

Question does not provide sufficient data or is vague

Question 162

Appeared in Year: 2017 (NET)

Question

MCQ▾

In the context of International Trade dumping refers to (January Paper-3)

Choices

Choice (5)Response

a.

Sending cheap goods to developing countries by developed countries.

b.

Selling a commodity cheaper in foreign market and costly in domestic market.

c.

Free distribution of used products by developed countries in developing countries.

d.

All of the above

e.

Question does not provide sufficient data or is vague

Question 163

Appeared in Year: 2017 (NET)

Question

MCQ▾

The demand for rare paintings and rare stamps etc. is explained by which among the following effect? (January Paper-3)

Choices

Choice (5)Response

a.

Snob effect

b.

Veblen effect

c.

Bandwagon effect

d.

All of the above

e.

Question does not provide sufficient data or is vague

Developed by: