GATE (Graduate Aptitude Test in Engineering) Economics: Questions 937 - 940 of 1256

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Question 937

General Equilibrium Analysis

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.

All a., b. and c. are correct

Question 938

Poverty and Inequalities -Concepts and Measurement Issues

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

Question 939

Foreign Exchange Market and Arbitrage

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

Question 940

Demand and Supply of Money

Question

MCQ▾

Which model of trade cycle proposes exogenous money stock to have a causal relationship with cyclic fluctuations in economic activity?

Choices

Choice (4)Response

a.

Hicksian theory

b.

Friedman՚s theory

c.

Samuelson՚s model

d.

Kaldor՚s model

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