AP (Advanced Placement) Microeconomics: Questions 369 - 371 of 398

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Question 369

Appeared in Year: 2020 (NET)

Question

MCQ▾

The cost of holding money by individuals

A. Loss of real value of money due to deflation

B. Foregone interest from savings

C. Utility foregone by not buying goods and services

D. Returns foregone by not holding other assets

Choose the most appropriate answer from the options given below:

(September Evening Shift)

Choices

Choice (5)Response

a.

A, B and C only

b.

A, C and D only

c.

B, C and D only

d.

A, B and D only

e.

None of the above

Question 370

Appeared in Year: 2020 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Compared to a certain point on the Contract curve, a point above the Contract curve is more efficient (September Evening Shift)

Reason(Ꭱ)

The Contract curve represents the locus of points where the marginal rate of substitution between two goods is the same for both individuals

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 371

Appeared in Year: 2020 (NET)

Question

MCQ▾

Which of the following are forms of government borrowing?

A. Drawing from treasury

B. Printing of currency notes

C. Borrowing from non-bank public institutions

D. Borrowing from the banking system

Choose the correct answer from the options given below:

(September Evening Shift)

Choices

Choice (5)Response

a.

A, B and C only

b.

A and D only

c.

A, B, C and D

d.

A, B and D only

e.

Question does not provide sufficient data or is vague

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