GATE (Graduate Aptitude Test in Engineering) Economics: Questions 448 - 451 of 1256

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Question 448

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

The social cost curve lies above the private cost curve for the producer in case of which of the following? (Paper II)

Choices

Choice (4)Response

a.

Positive externalities

b.

Negative externalities

c.

Near-public goods

d.

Public goods

Question 449

Theories of Inflation and Expectations Augmented Phillips Curve

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

Consider the following statements:

I. Inflation is advantageous to debtors.

II. Inflation is advantageous to the bond-holders.

Which of the statements given above is/are correct? (Paper II)

Choices

Choice (4)Response

a.

II only

b.

Neither I nor II

c.

I and II

d.

I only

Question 450

Appeared in Year: 2016 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

According to Peacock-Wiseman hypothesis, public expenditure increases overtime in a step by step manner. (Paper III)

Reason(Ꭱ)

This hypothesis is based on the displacement effect, concentration effect and inspection effect.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Ꭺ is true but Ꭱ is false

c.

Ꭺ is false but Ꭱ is true

d.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

Question 451

Demand and Supply of Money

Appeared in Year: 2016 (UGC NET)

Question

MCQ▾

The time preference theory of interest was developed by (Paper III)

Choices

Choice (4)Response

a.

Bohm-Bawerk

b.

Wicksell

c.

J. M. Keynes

d.

Irving Fisher

Developed by: