AP (Advanced Placement) Microeconomics: Questions 277 - 280 of 398

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Question 277

Question

MCQ▾

Factor endowment theory is also known as

1. Modern theory of international trade.

2. Classical theory of international trade.

3. Reciprocal demand theory.

4. Factor proportion theory of international trade.

Choices

Choice (5)Response

a.

3 and 4

b.

2 and 3

c.

1 and 2

d.

1 and 4

e.

None of the above

Question 278

Question

MCQ▾

Consider the following factors

1) Product differentiation

2) Advertising

3) Goal of satisfaction

Which of these are part of Chamberlin՚s monopolistic competition

Choices

Choice (5)Response

a.

Only 1 and 2

b.

Only 2,3

c.

Only 2

d.

Only 3

e.

Question does not provide sufficient data or is vague

Question 279

Question

MCQ▾

Unsystematic risk mean:

Choices

Choice (5)Response

a.

A risk that cannot be eliminated by diversifying

b.

A risk that can be eliminated by diversifying

c.

A risk that cannot be eliminated

d.

A risk that can be eliminated by without diversifying

e.

Question does not provide sufficient data or is vague

Question 280

Question

MCQ▾

A model of oligopoly in which one business sets output before the other business do is

Choices

Choice (5)Response

a.

Bartrand oligopoly model

b.

Stackelberg oligopoly model

c.

Cournot oligopoly model

d.

Chamberlin oligopoly model

e.

All of the above

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