GATE (Graduate Aptitude Test in Engineering) Economics: Questions 919 - 923 of 1256

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Question 919

Question

MCQ▾

What condition satisfies a monopsony market?

Choices

Choice (4)Response

a.

Single seller

b.

Single buyer

c.

Small number of sellers

d.

Large number sellers

Question 920

W. Rostow, Balanced & Unbalanced Growth

Question

MCQ▾

What is the characteristic feature of the ‘Take off stage’ in Rostow՚s theory of growth?

Choices

Choice (4)Response

a.

Shift in consumption to non-agricultural luxury goods

b.

Decline in birth rate

c.

Shift in the ratio of secondary to primary sector in favour of the former

d.

All of the above

Question 921

Cardinal Approach and Ordinal Approach

Question

MCQ▾

In the analysis of inter-temporal choices, with two time periods, prices p1 and p2, income flow of m1 and m2, nominal interest rate r and inflation rate π, real interest rate ρ is equal to

Choices

Choice (4)Response

a.

b.

c.

d.

Question 922

Question

MCQ▾

Where does inefficiency lie in a monopsonist case?

Choices

Choice (4)Response

a.

Output market is inefficient

b.

Factor market is inefficient

c.

None of the above

d.

All of the above

Question 923

Question

MCQ▾

In the two sector model Lewis model, capitalist formation is dependent on which component?

Choices

Choice (4)Response

a.

Saving՚s rate

b.

Capitalist surplus

c.

Population growth

d.

Marginal productivity of capital

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