GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1030 - 1033 of 1256

Access detailed explanations (illustrated with images and videos) to 1256 questions. Access all new questions- tracking exam pattern and syllabus. View the complete topic-wise distribution of questions. Unlimited Access, Unlimited Time, on Unlimited Devices!

View Sample Explanation or View Features.

Rs. 500.00 -OR-

How to register? Already Subscribed?

Question 1030

Question

MCQ▾

A graphical illustration used to explain efficiency conditions and demonstration how tow the allocations of some goods and resources can be improved through exchange is called

Choices

Choice (4)Response

a.

Edgeworth box diagram

b.

Production possibility curve

c.

Philips curve

d.

Social indifference curves

Question 1031

Question

MCQ▾

If a sample of 100 is to be taken from a population of 1,000 farmers consisting of marginal, small and large farmers, which of the following will be the most appropriate sampling method?

Choices

Choice (4)Response

a.

Systematic sampling

b.

Stratified random sampling

c.

Cluster sampling

d.

Simple random sampling

Question 1032

Investment Function Specifications

Question

MCQ▾

Movement from an inefficient allocation to an efficient allocation in the Edgeworth Box will:

Choices

Choice (4)Response

a.

Increase the utility of one individual, but cannot decrease the utility of any individual

b.

Increase the utility of all individuals

c.

Increase the utility of at least one individual, but may decrease the level of utility of another person

d.

Decrease the utility of all individuals

Question 1033

Theory of Employment in Imperfectly Competitive Markets

Question

MCQ▾

Which of the following is true for both monopoly and monopolistic competition in the short run?

Choices

Choice (4)Response

a.

Price is greater than marginal revenue.

b.

Price is equal to average cost.

c.

Price is equal to marginal revenue.

d.

Price is equal to marginal cost.

Developed by: