GATE (Graduate Aptitude Test in Engineering) Economics: Questions 576 - 579 of 1256

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Question 576

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

If two events A and B are mutually exclusive then which one of the following is correct? (November Paper II)

Choices

Choice (4)Response

a.

b.

c.

d.

Question 577

Appeared in Year: 2015 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

According to Marx in a capitalist society organic composition of capital increases with time (June)

Reason(Ꭱ)

Technological progress is continuously more capital intensive

Choices

Choice (4)Response

a.

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

b.

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

c.

Ꭺ is false but Ꭱ is true

d.

Ꭺ is true but Ꭱ is false

Question 578

Cardinal Approach and Ordinal Approach

Appeared in Year: 2017 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Revealed preference theory excludes the explanation of Giffen good. (November Paper II)

Reason(Ꭱ)

Revealed preference theory considers only negative income elasticity of demand

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are false

b.

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

c.

Ꭺ is true but Ꭱ is false

d.

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

Question 579

Sustainability of Deficits and Debt

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

A forward-shifted tax will affect (January Paper-2)

Choices

Choice (4)Response

a.

Buyers more than sellers

b.

Buyers and sellers equally

c.

Government revenues negatively

d.

Sellers more than buyers

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