GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 631 - 634 of 1877
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Question 631
Appeared in Year: 2017
Question MCQ▾
Classical dichotomy refers to which one of the following? (January Paper-2)
Choices
Choice (4) | Response | |
---|---|---|
a. | Savings come only from profits and not from the wages. | |
b. | There are two sectors of the economy, namely, agriculture and industry. | |
c. | Influence of money is not on the real variables like employment and output but on price level. | |
d. | All of the above |
Question 632
Appeared in Year: 2017
Question MCQ▾
Given the following data:
Number of observations
Arithmetic Mean
Variance
The coefficient of variation will be
(January Paper-2)
Choices
Choice (4) | Response | |
---|---|---|
a. | ||
b. | ||
c. | ||
d. |
Question 633
Appeared in Year: 2017
Question MCQ▾
While recommending horizontal distribution, which of the following criterion got the least weight age by the 14th Finance Commission? (January Paper-3)
Choices
Choice (4) | Response | |
---|---|---|
a. | Area | |
b. | Demographic change | |
c. | Population | |
d. | Income distance |
Question 634
Appeared in Year: 2017
Question MCQ▾
Under discriminating monopoly, if the elasticity of demand in market I is and in market II, it is , (elasticity is being in absolute terms) then the price behavior of the monopolist will be:
(January Paper-2)
Choices
Choice (4) | Response | |
---|---|---|
a. | In market I, charge double the price of that is charged in market II | |
b. | To charge a higher price in market II | |
c. | To charge the same price in both the markets | |
d. | To charge a higher price in market I |