GATE (Graduate Aptitude Test in Engineering) Economics: Questions 713 - 716 of 1256

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Question 713

Question

MCQ▾

In perfect competition what shape is the demand curve of the firm?

Choices

Choice (4)Response

a.

Upward

b.

Downward

c.

Horizontal

d.

Vertical

Question 714

Question

MCQ▾

Which of the following is not true about Sweezy kinked demand curve?

Choices

Choice (4)Response

a.

When the Oligopolist tries to increase price, then everyone else also increase the price.

b.

When the Oligopolist tries to decrease the price, then everyone else also decrease the price.

c.

The demand curve portion below the kink is of heterogeneous goods, and is of less elastic.

d.

The demand curve portion above the kink is of homogenous goods, and is highly elastic.

Question 715

Question

MCQ▾

Whom among the following publishes Gender Gap Index, each year?

Choices

Choice (4)Response

a.

World gender equality organization

b.

World Economic forum

c.

World health organization

d.

World trade organization

Question 716

Question

MCQ▾

IS curve is the locus if the combinations of ________ & ________?

Choices

Choice (4)Response

a.

Rate of national income and Level of investment

b.

Rate of interest and Level of profit

c.

Rate of interest and Level of investment

d.

Rate of interest and level of national income

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