GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1015 - 1020 of 1256

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Question 1015

Question

MCQ▾

A sudden shift from import tarrifs to free trade may induce short term unemployment in

Choices

Choice (4)Response

a.

Industries that are only exporters

b.

Industries that sell domestically as well as export

c.

Industries that neither import nor export.

d.

Import competing industries

Question 1016

Monetary and Fiscal Policy Efficacy

Question

MCQ▾

Which of the following is a problem connected with general equilibrium analysis?

Choices

Choice (4)Response

a.

Existence problem

b.

Uniqueness problem

c.

Stability problem

d.

All a., b. and c. are correct

Question 1017

Question

MCQ▾

According to rational expectation theory, aggregate supply curve is

Choices

Choice (4)Response

a.

Downward sloping.

b.

Horizontal straight line.

c.

Vertical straight line.

d.

Upward sloping.

Question 1018

Question

MCQ▾

Vent for surplus approach is applicable to

Choices

Choice (4)Response

a.

Oil exporting countries

b.

Underdeveloped countries

c.

Rich countries

d.

None of the above

Question 1019

Marshallian and Hicksian Demand Functions

Question

MCQ▾

Consider the following statements:

1) In long run,

2) In long run,

3) In short run .

4) In short run .

Which one are correct?

Choices

Choice (4)Response

a.

2 and 4

b.

2 and 3

c.

Only 1

d.

Only 2

Question 1020

Question

MCQ▾

The unbalanced growth model was propounded first by

A) Albert O. Hirschman

B) H. S. Singar and Result Prebisch

C) Kindelbarger and Ragnar Nurkse

D) W. W. Rostow and Paul Streeten

Choices

Choice (4)Response

a.

a and c

b.

only a

c.

a and b

d.

a and d

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