GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 927 - 930 of 1877
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Question 927
Question MCQ▾
Under the Peacock-Wiseman hypothesis which of the statements are true?
Choices
Choice (4) | Response | |
---|---|---|
a. | Increase in taxes will be result in a deadweight loss | |
b. | Increase in tax revenue due to economic boom will increase public expenditure | |
c. | A higher budgetary level can be replaced by lower tax and expenditure | |
d. | Increase in taxes will cause tax revenues to fall |
Question 928
Question MCQ▾
Ordinary Least Squares (OLS) estimation in the presence of heteroscedasticity would yield results that are
Choices
Choice (4) | Response | |
---|---|---|
a. | Inconsistent and inefficient | |
b. | Efficient but inconsistent | |
c. | Consistent and efficient | |
d. | Unbiased |
Question 929
Question MCQ▾
Gunnar Myrdal classifies which if the following categories as conditions of development?
I. Attitudes towards life and work
II. Conditions of production
III. Institutions
IV. Volume of private investments
Choices
Choice (4) | Response | |
---|---|---|
a. | I. II | |
b. | IV, II, III | |
c. | I, II, III | |
d. | II, IV |
Question 930
Question MCQ▾
In Keynes՚s theory of trade cycles what is identified as the cause of cycle fluctuations?
Choices
Choice (4) | Response | |
---|---|---|
a. | Marginal efficiency of capital | |
b. | Marginal propensity to consume | |
c. | Aggregate demand | |
d. | Interest rate |