GATE (Graduate Aptitude Test in Engineering) Economics: Questions 982 - 985 of 1256

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Question 982

Question

MCQ▾

The most important characteristic of a federation is:

Choices

Choice (4)Response

a.

Non-correspondence between the functions and resources of the central and state governments

b.

Centre՚s supremacy over the states

c.

Perfect match between the function and resour2of the central and state governments

d.

Question does not provide sufficient data or is vague

Question 983

Environment as a Public Good

Question

MCQ▾

The government levying taxes on polluters or charging a surcharge for pesticide use means:

Choices

Choice (4)Response

a.

Internalization of negative spillover effects

b.

Examples of a free rider

c.

Examples of Coase՚s theorem

d.

Marginal abatement cost

Question 984

Components of Money Supply

Question

MCQ▾

According to Gurley and Shaw, the various substitutes of currency and commercial bank demand deposits should be assigned different weights according to

Choices

Choice (4)Response

a.

Their degree of replacement

b.

Their share in money supply

c.

Their degree of substitability

d.

Their share in the money market

Question 985

Question

MCQ▾

A model of oligopoly in which one business sets output before the other business do is

Choices

Choice (4)Response

a.

Bartrand oligopoly model

b.

Stackelberg oligopoly model

c.

Cournot oligopoly model

d.

Chamberlin oligopoly model

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