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

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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

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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)

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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

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