GATE (Graduate Aptitude Test in Engineering) Economics: Questions 154 - 156 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 154

Appeared in Year: 2013 (UGC NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

There is no incentive for a profit-maximizing producer to supply the public goods. (December)

Reason(Ꭱ)

If he produces it, he is unable to exclude people from consuming it and hence he cannot charge a price.

Choices

Choice (4)Response

a.

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

b.

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

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

Question 155

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Which among the following statements are true for Schumpeter՚s theory of economic development?

  1. Development is evolutionary.
  2. Development is financed by real savings.
  3. Capitalism keeps its character intact overtime.

Of the above which statements are/is true?

Choices

Choice (4)Response

a.

Only I and II

b.

Only I

c.

None of the above

d.

Question does not provide sufficient data or is vague

Question 156

Demand and Supply of Money

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

When the aggregate supply schedule is positively sloped, continuous increases in the nominal money supply, ceteris paribus, result in (June)

Choices

Choice (4)Response

a.

An increase in the price level and real output.

b.

An increase in the price level and a decrease in real output.

c.

No change in real output and proportional increases in the price level.

d.

No change in the price level and proportional increases in real output.

Developed by: