GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1034 - 1038 of 1256

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Question 1034

Rural & Urban Development -Issues

Question

MCQ▾

An economic region of production consists of.

Choices

Choice (4)Response

a.

The middle of isoquants

b.

The negatively sloped portions of all isoquants

c.

The highest point of all isoquants

d.

The positively sloped portions of all isoquants

Question 1035

Question

MCQ▾

The cost incurred by the firm in hiring labour is called as

Choices

Choice (4)Response

a.

Implicit cost

b.

Explicit cost

c.

Marginal cost

d.

Total cost

Question 1036

Question

MCQ▾

In a multiple regression with three independent variables, the regression coefficients are to be tested. Which test would be used?

Choices

Choice (4)Response

a.

T test

b.

F test

c.

Z test

d.

Che square test

Question 1037

Question

MCQ▾

If the central prediction of the growth model of Solow is valid then:

Choices

Choice (4)Response

a.

Economic freedom as measured by Heritage Foundation Index will decrease

b.

Population growth rate in rich countries will increase

c.

Per capita real GDP difference among nations will increase

d.

Per capita real GDP difference among the nations will diminish

Question 1038

Question

MCQ▾

In the Horrod- Domar equation g = s/v, where v is defined as:

Choices

Choice (4)Response

a.

The value of country՚s capital stock

b.

Incremental capital output ratio

c.

The change in country՚s capital stock

d.

None of the above

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