# GATE (Graduate Aptitude Test in Engineering) Economics: Questions 821 - 824 of 1256

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## Question 821

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

In efficiency wage model, the real wage is set to (June)

### Choices

Choice (4)Response

a.

Not to clear the labour market

b.

Clear the labour market

c.

Minimize the efficiency of worker per rupee of real wages received

d.

Maximize the efficiency of workers per rupee of real wages received

## Question 822

Tax Reforms-Goods and Services Tax

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

The IRR is the discount rate that equates the project NPV to _ and benefit- cost ratio to _ (June Paper-II)

### Choices

Choice (4)Response

a.

1,0

b.

0,1

c.

0,0

d.

1,1

## Question 823

Appeared in Year: 2019 (UGC NET)

### Question

MCQ▾

The correct relationship among Arithmetic Mean (AM) , Geometric Mean (GM) and Harmonic Mean (HM) is (June Paper-II)

### Choices

Choice (4)Response

a.

b.

c.

d.

## Question 824

Marshallian and Hicksian Demand Functions

Appeared in Year: 2019 (UGC NET)

### Question

Match List-Ⅰ List-Ⅱ▾

Match the following List – I (June)

List-Ⅰ (Column-I)List-Ⅱ (Column-II)
(A)

Various combinations of two commodities providing equal satisfaction to consumer

(i)

Indifference curve

(B)

Various combinations that a consumer can purchase

(ii)

Consumer՚s equilibrium

(C)

A set of indifference curves

(iii)

Indifference map

(D)

Point of tangency of a budget line on an indifference curve

(iv)

Budget line

### Choices

Choice (4)Response
• (A)
• (B)
• (C)
• (D)

a.

• (iii)
• (ii)
• (iv)
• (i)

b.

• (i)
• (iv)
• (iii)
• (ii)

c.

• (ii)
• (iv)
• (i)
• (iii)

d.

• (i)
• (iv)
• (ii)
• (iii)

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