GATE (Graduate Aptitude Test in Engineering) Economics: Questions 209 - 211 of 1256

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Question 209

Appeared in Year: 2014 (UGC NET)

Question

MCQ▾

A Foreign Trade Zone (FTZ) is (June)

Choices

Choice (4)Response

a.

A free trade agreement among several nations

b.

Designed to promote exports by deferring import duties on intermediate inputs and waving such duties if the final product is re-exported rather than sold domestically

c.

Designed to limit exports of manufactured goods by placing import taxes on goods made within the zone

d.

A regional area within which trade with foreign nations is allowed

Question 210

Marshallian and Hicksian Demand Functions

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

Why does demand curve have a negative slope?

  1. Due to Income effect only
  2. Due to Substitution effect

Answer from the code below:

Choices

Choice (4)Response

a.

Only I

b.

Neither I nor II

c.

I and II

d.

Only II

Question 211

Appeared in Year: 2017 (UGC NET)

Question

MCQ▾

In the context of International Trade dumping refers to

Choices

Choice (4)Response

a.

Selling a commodity cheaper in foreign market and costly in domestic market

b.

Sending cheap goods to developing countries by developed countries

c.

Free distribution of used products by developed countries in developing countries

d.

None of the above

Developed by: