GATE (Graduate Aptitude Test in Engineering) Economics: Questions 569 - 571 of 1256

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Question 569

Closed Economy Concepts and Measurement and Open Economy Issues

Appeared in Year: 2017 (UGC NET)

Question

Matching-Pair▾

Find the pair which does not match:

Choices

Choice (4)Response

a.

Dual decision hypothesis (November Paper-III)

R. W. Clower

b.

Natural rate of unemployment

E. Phelps and M. Friedman

c.

Limit Price Theory

J. Bhagwati

d.

Planned sales curve

Mrs. J. Robinson

Question 570

Appeared in Year: 2017 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

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

List-Ⅰ (Concepts)List-Ⅱ (Economists)
(A)

Income terms of trade

(i)

Jacob Viner

(B)

Gross Barter terms of trade

(ii)

Prebisch - Singer

(C)

Secular deterioration in terms of trade of developing countries

(iii)

Dorrance

(D)

Single factorial terms of trade

(iv)

F. W. Taussig

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (ii)
  • (iv)
  • (i)

b.

  • (iv)
  • (iii)
  • (i)
  • (ii)

c.

  • (iii)
  • (iv)
  • (ii)
  • (i)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

Question 571

Appeared in Year: 2017 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Many developing countries demand that movement of natural persons across countries should be promoted. (November Paper III)

Reason(Ꭱ)

The developing countries have comparative advantage in labour intensive services.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

Ꭺ is false but Ꭱ is true

c.

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

d.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

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