Solved Past Papers MCQs of Lecturer Economics for the preparation of NTS, PPSC, SPSC, BPSC, KPSC, FPSC, OTS, and other academic entry tests and jobs tests.
26. The biggest single misconception about the foreign aid program is that
A) We receive foreign money
B) We send money abroad
C) We send labor abroad
D) We import capital
27. Infra-industry trade occurs when a country
A) Exports and imports different products
B) Imports materials to be used by its domestic industry
C) Exports and imports the same products
D) Imports materials for use in industries in other countries
28. Which one of the following is not associated with the process of globalization of production
A) Rising trade ratio for economic
B) Increasing production by the transactional corporation
C) Increased international factor mobility
D) Concentration of production close to markets
29. The paradox of shift demonstrates that ……
A) Thrift increases individual indebtedness
B) As the saving function shifts to the right, people save more and consume less
C) As income increases. upward movement occurs along with the savings function
D) At higher rates of interest, people tend to save larger amounts of money
30. Which of the following would cause demand-pull inflation
A) An increase in aggregate demand, with shortages of supply
B) Increases in production costs
C) Disproportionately high payments to the factors of production
D) Monopolistic labor markets
31. A linear homogeneous production function would reveal
A) Decreasing return to scale
B) Increasing returns to scale
C) Constant returns to scale
D) An increasing marginal product
32. International trade agreements by cartels
A) Exert monopolistic influence
B) Generally happen in industries, with limited supply
C) Lead to price deregulate
D) None of these
33. Wage drift refers to …….