AP (Advanced Placement) Microeconomics: Questions 19 - 21 of 398

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Question 19

Appeared in Year: 2014 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items given in List – I with those in List – II: (June)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Impossibility theorem

(i)

Kenneth Arrow

(B)

Optimum provision of local Public goods

(ii)

James Buchanan

(C)

Political of Decision Making Model

(iii)

Charles Tiebout

(D)

Theory of Clubs

(iv)

Anthony Downs

Choices

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

a.

  • (iii)
  • (ii)
  • (iv)
  • (i)

b.

  • (iv)
  • (ii)
  • (iii)
  • (i)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

e.

All of the above

Question 20

Appeared in Year: 2013 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Consumer Surplus is the difference between the potential price and actual price. (Dec)

Reason(Ꭱ)

There exists an inverse relationship between the price and consumer surplus.

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

Question 21

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items in List – I with items in List – II: (Dec)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Technical Monopoly

(i)

Coca Cola

(B)

Legal Monopoly

(ii)

Gold and Silver

(C)

Oligopoly

(iii)

Patent Rights

(D)

Global Market

(iv)

Cartel

Choices

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

a.

  • (i)
  • (ii)
  • (iii)
  • (iv)

b.

  • (ii)
  • (i)
  • (iv)
  • (iii)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (ii)
  • (iii)
  • (i)
  • (iv)

e.

All of the above

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