NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 5 - 8 of 1278

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Question number: 5

» International Economics » Balance of Payment » Absorption and Monetary Approach

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Appeared in Year: 2014

MCQ▾

Question

If the demand of the domestic consumers is infinitely elastic and the supply of the foreign producer is perfectly inelastic, then the whole of the tariff will (June)

Choices

Choice (4)Response

a.

Be equally shared by the domestic consumers and the foreign producer

b.

Be paid by the domestic consumers

c.

Yield neither revenue nor protection to either of them

d.

Be paid by the foreign producer

Question number: 6

» Development and Planning » Theories of Growth and Development » Endogenous Growth: Role of Education, Research and Knowledge

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Appeared in Year: 2013

MCQ▾

Question

The endogenous growth theory seeks to provide explanation for which of the following determinants of growth that the Solow’s model did not explain (December)

Choices

Choice (4)Response

a.

Technical Progress

b.

Labour Growth

c.

Role of the government in promoting growth

d.

All a. , b. and c. are correct

Question number: 7

» Micro-Economic Analysis » Theory of Pricing » Monopoly, Monopolistic Competition, Duopoly and Oligopoly

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Appeared in Year: 2014

MCQ▾

Question

The practice of charging each consumer the reservation price is called (June)

Choices

Choice (4)Response

a.

Third degree price discrimination

b.

Peak load pricing

c.

Inter-temporal price discrimination

d.

First degree price discrimination

Question number: 8

» Macro-Economic Analysis » Phillips Curve Analysis

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Appeared in Year: 2014

MCQ▾

Question

Which of the following is not a characteristic feature of the Phillip curve? (June)

Choices

Choice (4)Response

a.

The Price expectations are adaptive

b.

There is a loop around Phillips curve

c.

The price expectations are static

d.

The unemployment rate, when money wage stabilizes, is 5½ percent

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