GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1): Questions 1065 - 1068 of 1877
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Question 1065
Question True-False▾
Statements
US has to support a large supply of dollars to act as an internationally accepted currency.
There is a conflict in the short run domestic and long run objective of US trade policy resulting in trade deficit.
Choices
Choice (4) | Response | |
---|---|---|
a. | None of the statements is correct. | |
b. | Only statement Ⅰ is true. | |
c. | Only statement Ⅱ is true. | |
d. | All the statements are correct. |
Question 1066
Question MCQ▾
For an increase in the effective minimum wage to have less of an impact on employment, which of the following is correct?
1) The demand for labour is relatively inelastic
2) The demand for labour is relatively elastic
3) The demand for labour is a derived demand
Choose the correct answer from the code given below:
Choices
Choice (4) | Response | |
---|---|---|
a. | (1) and (2) | |
b. | (1) and (3) | |
c. | (1) only | |
d. | (3) only |
Question 1067
Appeared in Year: 2020
Question MCQ▾
What is the value of the equilibrium level of income for the data given below for an economy?
C =
t = 20%
I = 100
G = 30
(September Evening Shift)
Choices
Choice (4) | Response | |
---|---|---|
a. | 500 | |
b. | 600 | |
c. | 300 | |
d. | 400 |
Question 1068
Question MCQ▾
In the Perfect competition market, there are
Options:
(i) Large no. of buyers and sellers
(ii) Small no. of sellers and buyers
(iii) Large no. of buyers only
(iv) Small no. of buyers only
Choices
Choice (4) | Response | |
---|---|---|
a. | (iii) only | |
b. | (ii) only | |
c. | (i) only | |
d. | None of the above |