GATE (Graduate Aptitude Test in Engineering) Economics: Questions 416 - 419 of 1256

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Question 416

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Consider the following statements in relation to Karl Marx՚s theory of profit rate:

I. Profit rate depends directly on the value of organic composition of capital.

II. Profit rate depends directly on the value of rate of exploitation.

Which of the above statements are correct? Answer from the codes below:

(Paper III)

Choices

Choice (4)Response

a.

Only II is correct.

b.

Neither I nor II are true.

c.

Only I is correct.

d.

I and II are true.

Question 417

Monetary and Fiscal Policy Efficacy

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

A less elastic IS curve means that: (December)

Choices

Choice (4)Response

a.

Monetary Policy is less effective

b.

Fiscal policy is less effective

c.

Monetary policy is more effective

d.

None of the above

Question 418

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

The 2015, Nobel Prize in economics has been given to Angus Deaton for his work on: (December)

Choices

Choice (4)Response

a.

Population, Poverty & development

b.

Consumption, Poverty & Welfare

c.

Consumption, Human development and Education

d.

Consumption , savings & welfare

Question 419

Appeared in Year: 2015 (UGC NET)

Question

MCQ▾

According to Heckscher - Ohlin theorem, a nation will export a commodity which is: (June)

Choices

Choice (4)Response

a.

Intensive in its relatively cheap factor

b.

Intensive in its relatively abundant factor

c.

Both a. and b. are correct

d.

Question does not provide sufficient data or is vague

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