GATE (Graduate Aptitude Test in Engineering) Economics: Questions 614 - 617 of 1256

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Question 614

Poverty and Inequalities -Concepts and Measurement Issues

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Who among the following has not given his model based on the concept of unlimited supply of labour? (January Paper-3)

Choices

Choice (4)Response

a.

W A Lewis

b.

Ranis-Fei

c.

D W Jorgenson

d.

Gunnar Myrdal

Question 615

Demand and Supply of Money

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following is correct for the discretionary fiscal action? (January Paper-2)

Choices

Choice (4)Response

a.

Automatic changes in net tax revenues that result from income tax structure.

b.

Payment of Social Security to the retired individuals.

c.

A managed change in level of Government spending and/or net tax revenues.

d.

Payment of Unemployment insurance.

Question 616

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

For the set of observations: which one of the following is the most suitable average?

(January Paper-2)

Choices

Choice (4)Response

a.

Arithmetic Mean

b.

Harmonic Mean

c.

Geometric Mean

d.

Median

Question 617

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Consider the following concepts:

I. Leontief paradox

II. Linder Hypothesis

Which among the following can be treated as exception to the conclusions of the

Heckscher-Ohlin theory? Answer from the codes below:

(January Paper-2)

Choices

Choice (4)Response

a.

Only II is an exception.

b.

Only I is an exception.

c.

Neither I nor II are exception.

d.

I and II are exception.

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