GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1021 - 1024 of 1256

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Question 1021

Question

MCQ▾

(chi -square) test is used to test

Choices

Choice (4)Response

a.

Association between the qualitative variables

b.

Difference between the means of two distributions drawn from different population.

c.

Analysis of variance

d.

Difference between means of two distributions drawn from the same population

Question 1022

Cardinal Approach and Ordinal Approach

Question

Assertion-Reason▾

Assertion(Ꭺ)

In liquidity trap, the demand for money is perfectly interest elastic.

Reason(Ꭱ)

Because in this situation, all the investers expect the market rate of interest to rise towards the natural rate of interest.

Choices

Choice (4)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Ꭺ is false but Ꭱ is true

c.

Both Ꭺ and Ꭱ are false

d.

Ꭺ is true but Ꭱ is false

Question 1023

Question

MCQ▾

If the cost of transporting a goods between two nations exceed the pretrade difference for the goods between two nations, then trade in that goods is

Choices

Choice (4)Response

a.

Possible

b.

Impossible

c.

Cannot say

d.

Reversal

Question 1024

Question

MCQ▾

A monopolist faces a linear demand curve p = 100 - 4q. His cost function is C = 50 + 20q. The profit maximizing output will be

Choices

Choice (4)Response

a.

40

b.

5

c.

10

d.

20

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