International Economics-Trade Multiplier [GATE (Graduate Aptitude Test in Engineering) Economics (XH-C1)]: Questions 1 - 3 of 3
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Question 1
Appeared in Year: 2013
Question MCQ▾
The value of foreign trade multiplier will be high under the condition when (December)
Choices
Choice (4) | Response | |
---|---|---|
a. | Marginal propensity to save is high | |
b. | There is increase in exports | |
c. | Marginal propensity to consume domestic goods is high | |
d. | Marginal propensity to import is high |
Question 2
Appeared in Year: 2013
Question MCQ▾
The MRTP Act of 1969 has been (December)
Choices
Choice (4) | Response | |
---|---|---|
a. | Merged in Industrial Policy Act of 1978 | |
b. | Merged in Industrial Policy Act of 1991 | |
c. | Replaced by Competition Act 2002 | |
d. | Replaced by Trade Union (Amendment) Act 2001 |
Question 3
Question MCQ▾
There are several reasons why the UK government would be cautious about joining the euro. Which of the following is not one of these reasons?
Choices
Choice (4) | Response | |
---|---|---|
a. | The UK might have to lend or give more money to eurozone countries which run into difficulty. | |
b. | Interest rate changes are thought to affect consumer spending less in the UK than in the eurozone. | |
c. | The eurozone and the UK might not have well synchronized output gaps over time. | |
d. | An oil price shock might affect the UK and the eurozone differently. |