NTA-NET (Based on NTA-UGC) Economics (Paper-II): Questions 191 - 194 of 1011

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Question number: 191

» Micro-Economic Analysis » Demand Analysis » Marshallian Approach

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Appeared in Year: 2013

MCQ▾

Question

Put the following in chronological order based on development:

i. Law of Demand

ii. Revealed Preference Analysis

iii. Indifference Curve Analysis

iv. Law of Diminishing Marginal Utility (December)

Choices

Choice (4) Response

a.

i iii iv ii

b.

i iii ii iv

c.

i ii iv iii

d.

i iv iii ii

Question number: 192

» Macro-Economic Analysis » Demand for Money » Friedman Approach

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Appeared in Year: 2017

MCQ▾

Question

Which one of the following is not an assumption of permanent income hypothesis?

Choices

Choice (4) Response

a.

Permanent Income depends on human and non-human wealth.

b.

Transitory Income can be both positive and negative.

c.

Average propensity to consume is greater than marginal propensity to consume.

d.

Transitory consumption can be both positive and negative.

Question number: 193

» Development and Planning » Theories of Development » Instability of Equilibrium

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Appeared in Year: 2017

MCQ▾

Question

Which aspect of development did Gunnar Myrdal concentrate upon?

Choices

Choice (4) Response

a.

Population exploitation

b.

Capital scarcity

c.

Human resource scarcity

d.

Regional Inequalities

Question number: 194

» Macro-Economic Analysis » Business Cycles » Hicks and Kaldor Model

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Appeared in Year: 2013

MCQ▾

Question

It is often true that as the economy begins to recover from a recession, the unemployment rate rises because (December)

Choices

Choice (4) Response

a.

as the economy begins to recover from a recession because of the errors in the way the data are collected.

b.

as the economy begins to recover from a recession, workers who were previously discouraged about their chances of finding a job begin to look for work again.

c.

as the economy initially recovers from a recession, firms do not immediately increase the number of workers they hire. Firms wait to hire more individuals until they are convinced that the recovery is strong.

d.

as the economy initially recovers from a recession the demand for goods and services falls, so the demand for workers falls.

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