GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 935 - 939 of 1877

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Question 935

Question MCQ▾

In monopolistic competition, which factors determines the slope of the demand curve?

Choices

Choice (4)Response

a.

The number of seller in the market

b.

Similarity with other firm՚s products

c.

Barriers to entry

d.

All of the above

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Question 936

Question MCQ▾

What does the Durbin Watson d-test detect?

Choices

Choice (4)Response

a.

Multicollineraity

b.

Heteroscedasticity

c.

Micronumersosity

d.

Auto correlation

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Question 937

Question MCQ▾

Which of following conditions need to be met for Arrow՚s impossibility theorem?

Choices

Choice (4)Response

a.

Preferences between x and y does not consider ranking of alternatives

b.

Individual and social preferences are complete, reflexive and transitive

c.

If everyone prefers x over y, then social preference should rank x over y

d.

None of the above

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Question 938

Question MCQ▾

Migration of labour from rural to urban areas is classified as which type of unemployment?

Choices

Choice (4)Response

a.

Seasonal unemployment

b.

Structural unemployment

c.

Disguised unemployment

d.

Open unemployment

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Question 939

Question MCQ▾

Rybczynski effect is a depiction of relationship between which factors?

Choices

Choice (4)Response

a.

Unbalanced growth in factor endowments on cost of production

b.

Relative factor prices and output composition

c.

Biased growth in factor endowments on output composition

d.

One to one relationship between factor prices and cost of goods

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