GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 606 - 609 of 1877
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Question 606
Appeared in Year: 2017
Question MCQ▾
In the context of International Trade dumping refers to (January Paper-3)
Choices
Choice (4) | Response | |
---|---|---|
a. | Sending cheap goods to developing countries by developed countries. | |
b. | Selling a commodity cheaper in foreign market and costly in domestic market. | |
c. | Free distribution of used products by developed countries in developing countries. | |
d. | All of the above |
Question 607
Appeared in Year: 2017
Question MCQ▾
In the terminology of WTO, which among the following is not an amber box subsidy?
(January Paper-3)
Choices
Choice (4) | Response | |
---|---|---|
a. | Minimum support price of cereals | |
b. | Cost of government pest control and management | |
c. | Subsidy on seeds | |
d. | Subsidy on irrigation rates |
Question 608
Appeared in Year: 2017
Question MCQ▾
A public good is
(i) Non-excludable in nature.
(ii) Non rival in consumption.
(iii) Excludable in nature.
(iv) A good that public must possess.
Select the correct answer using the codes given below:
(January Paper-2)
Choices
Choice (4) | Response | |
---|---|---|
a. | Only (iv) | |
b. | (i) and (ii) | |
c. | (iii) and (iv) | |
d. | Only (iii) |
Question 609
Appeared in Year: 2017
Question MCQ▾
Given the following total cost and demand functions of a firm, find the price at which profits would be maximized:
Where C = Total cost
Q = Output
P = Price
(January Paper-3)
Choices
Choice (4) | Response | |
---|---|---|
a. | 100 | |
b. | 5 | |
c. | 95 | |
d. | 85 |