GATE (Graduate Aptitude Test in Engineering) Economics: Questions 516 - 520 of 1256

Access detailed explanations (illustrated with images and videos) to 1256 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 500.00 -OR-

How to register? Already Subscribed?

Question 516

Cardinal Approach and Ordinal Approach

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

In explaining the price effect, which of the following is/are constant? (November Paper-III)

(a) Real Income

(b) Money Income

(c) Price ratio

Choose the correct answer from the code given below:

Choices

Choice (4)Response

a.

Only (b)

b.

Both (b) and (c)

c.

Only (a)

d.

Both (a) and (c)

Question 517

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

An entrepreneur՚s short - run total cost function is the output at which profit is maximized by this entrepreneur is: (November Paper III)

Choices

Choice (4)Response

a.

b.

7

c.

6

d.

5

Question 518

Demand and Supply of Money

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Who made the statement, ″ Inflation is everywhere and always a monetary phenomenon ‘’ ? (November Paper II)

Choices

Choice (4)Response

a.

James Tobin

b.

A. W. Phillips

c.

Milton Friedman

d.

T. W. Swan

Question 519

Tax Reforms-Goods and Services Tax

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

A forward - shifted tax will affect: (November Paper III)

Choices

Choice (4)Response

a.

Government revenue negatively

b.

Buyers and Sellers equally

c.

Buyers more than sellers

d.

Sellers more than buyers

Question 520

General Equilibrium Analysis

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which of the following statements about Pareto Optimum are correct? (November Paper-III)

(a) It changes with changes in the distribution of income

(b) At the Pareto optimum, MRS in consumption in production

(c) It is not unique

(d) It is obtained under perfect competition

Choices

Choice (4)Response

a.

(a) , (b) and (d)

b.

(a) and (b)

c.

(b) and (c)

d.

(a) , (c) and (d)

Developed by: