Market Failure & Role of Government-Externalities [AP (Advanced Placement) Microeconomics]: Questions 1 - 3 of 6

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Question 1

Appeared in Year: 2015 (NET)

Question

MCQ▾

14th finance commission recommended funds as: (June)

Choices

Choice (5)Response

a.

States contribution to centre

b.

States development funds

c.

States share in sales taxes

d.

Central assistance to states (CAS)

e.

None of the above

Question 2

Appeared in Year: 2015 (NET)

Question

MCQ▾

What does ‘Price Scissors’ refer to: (December)

Choices

Choice (5)Response

a.

Marshall՚s example of forces of demand and supply

b.

A sharp fall in price of a major export item accompanied by a sharp rise in price of a major import

c.

Exports of two strategic raw materials from country

d.

Export basket of competitive local manufactures

e.

None of the above

Question 3

Appeared in Year: 2017 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List - I and List - II and select the correct answer from the code given below: (November Paper-III)

List-Ⅰ (Author)List-Ⅱ (Book)
(A)

Jagdish Bhagwati

(i)

In Defence of Globalisation

(B)

Ruchir Sharma

(ii)

Capitalism, Socialism and Democracy

(C)

Gunnar Myrdal

(iii)

The rise and fall of nations

(D)

Joseph Schumpeter

(iv)

Asian Drama

Choices

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

a.

  • (i)
  • (iii)
  • (ii)
  • (iv)

b.

  • (iv)
  • (i)
  • (ii)
  • (iii)

c.

  • (iii)
  • (iv)
  • (ii)
  • (i)

d.

  • (i)
  • (iii)
  • (iv)
  • (ii)

e.

All of the above

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