GATE (Graduate Aptitude Test in Engineering) Economics: Questions 1069 - 1072 of 1256

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Question 1069

Cardinal Approach and Ordinal Approach

Question

Assertion-Reason▾

Assertion(Ꭺ)

For certain goods, the expenditure by consumer decreases.

Reason(Ꭱ)

For such goods, income elasticity of demand is high

Choices

Choice (4)Response

a.

Ꭺ is true but Ꭱ is false

b.

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

c.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

d.

Ꭺ is false but Ꭱ is true

Question 1070

Cardinal Approach and Ordinal Approach

Appeared in Year: 2020 (UGC NET)

Question

MCQ▾

Absolute income hypothesis explains (September Evening Shift)

Choices

Choice (4)Response

a.

Consumer behavior

b.

Producer behavior

c.

Inflation

d.

Government expenditure

Question 1071

Appeared in Year: 2020 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List I with List II (September Evening Shift)

List-Ⅰ (Economist)List-Ⅱ (Model)
(A)

Fellner

(i)

Kinked demand curve

(B)

Chamberlin

(ii)

Small group model

(C)

Sweezy

(iii)

Price leadership model

(D)

Stackelberg

(iv)

Reaction curves

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (ii)
  • (i)
  • (iv)
  • (iii)

b.

  • (iii)
  • (ii)
  • (i)
  • (iv)

c.

  • (i)
  • (ii)
  • (iii)
  • (iv)

d.

  • (i)
  • (iv)
  • (ii)
  • (iii)

Question 1072

Appeared in Year: 2020 (UGC NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match List I with List II (September Evening Shift)

List-Ⅰ (Theory)List-Ⅱ (Economist)
(A)

Absolute Advantage Theory of International Trade

(i)

Marshall

(B)

Opportunity Costs

(ii)

Heckscher-Ohlin

(C)

Factor Proportion Theory of Trade

(iii)

Adam Smith

(D)

Offer Curves

(iv)

Haberler

Choices

Choice (4)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (iii)
  • (iv)
  • (ii)
  • (i)

b.

  • (iv)
  • (i)
  • (iii)
  • (ii)

c.

  • (i)
  • (iii)
  • (ii)
  • (iv)

d.

  • (iv)
  • (iii)
  • (ii)
  • (i)

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