Supply & Demand [AP (Advanced Placement) Microeconomics]: Questions 1 - 4 of 119
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Question 1
Appeared in Year: 2017
Question MCQ▾
Which among the following allocation/distribution corresponds to the Rawlsian concept of equity?
Choices
Choice (5) | Response | |
---|---|---|
a. | Maximise the utility of the least well off people | |
b. | Maximise the total utility of all members of the society | |
c. | Market outcomes are most equitable | |
d. | All members of the society receive equal amount of goods | |
e. | Question does not provide sufficient data or is vague |
Question 2
Appeared in Year: 2017
Question MCQ▾
In the trade cycle theory of J. R Hicks, long run equilibrium is determined by
Choices
Choice (5) | Response | |
---|---|---|
a. | Population | |
b. | Technology | |
c. | Autonomous Investment | |
d. | Question does not provide sufficient data or is vague | |
e. | All of the above |
Question 3
Appeared in Year: 2013
Question Match List-Ⅰ List-Ⅱ▾
Match List-I with List-II: (Dec)
List-Ⅰ (Group I) | List-Ⅱ (Group II) |
---|---|
(A) Offer Curves | (i) Reciprocal demand |
(B) Lorenz Curve | (ii) Inequalities |
(C) Kinked Demand Curve | (iii) Sticky Price |
(D) Laffer Curves | (iv) Public Revenue |
Choices
Choice (5) | Response | |
---|---|---|
| ||
a. |
| |
b. |
| |
c. |
| |
d. |
| |
e. | All of the above |
Question 4
Appeared in Year: 2014
Question MCQ▾
In an economy of two individuals A and B and two commodities X and Y, general equilibrium of production and exchange occurs when (June)
Choices
Choice (5) | Response | |
---|---|---|
a. | MRT | |
b. | MRS XY for A and | |
c. | MRT XY = MRS A, XY = MRS B, XY | |
d. | MRS A, XY = MRS B, XY | |
e. | Question does not provide sufficient data or is vague |