Re: JNU 2013 SSS DISCUSSION

Posted by ViV on May 06, 2014; 8:21am
URL: http://discussion-forum.276.s1.nabble.com/JNU-2013-SSS-DISCUSSION-tp7584716p7588733.html

5. The incidence of sales tax falls
(a) on only consumers if demand is completely elastic
(b) on only retailers if demand is completely elastic
(c) on only retailers if demand is completely inelastic
(d) always on both consumers and retailers
I am confused between (b) and (c) because of elasticity part so please expain...

41. The 'Gold Standard' refers to an international currency regime under which
(a) only gold was used in international transactions
(b) only gold was used as money in domestic transactions
(c) countries officially linked their money supply to a specific value of gold
(d) countries officially linked the value of their money to a specific weight of gold
(c) or (d) ??

70. Populations of two species A and B at time 0 are equal. If the instantaneous rates
of growth of populations of species A and B are u and u + 1 respectively, u > 0, then
at time 1 the population of species B would be
(a) twice the population of species A
(b) log 10 times of the population of species A
(c) e" times the population of species A
(d) e times the population of species A

Please give some explanations on these questions..