GATE (Graduate Aptitude Test in Engineering) Economics: Questions 929 - 932 of 1256

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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

Question 931

Question

MCQ▾

What assertion is made in Marx՚s conception of organic composition of capital?

Choices

Choice (4)Response

a.

Lower the ratio c/v, more labour intensive the production

b.

Higher the ratio c/v, more capital intensive the production

c.

Surplus value can be generated from further investments in constant capital

d.

Alienation of labour from the product of labour

Question 932

Question

MCQ▾

Where does the optimal output combination lie in a cartel solution?

Choices

Choice (4)Response

a.

Point of tangency of the two isoprofit curves

b.

AC of the two firms is minimised

c.

Intersection of the isoprofit lines of the two firms

d.

MC of the two firms is minimised

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