Economics MCQs

Page No. 174

Once a country is wealthy ?


a it no longer needs any human capital


b capital becomes more productive due to the “catch-up- effect”


c none of these answers


dit may be harder for it to grow quickly because of the diminishing returns to capital



Many East Asian countries are growing very quickly because ?


aThey save and invest an unusually high percentage of their GDP


bThey have always been wealthy and will continue to be wealthy, which is known as the “snowball effect”


chey are imperialists and have collected wealth from previous victories in war


dThey have enormous natural resources.



To increase growth, governments should do all of the following except ?


aencourage foreigners to investment in your country


bencourage saving and investment


cnationalize major industries


dencourage research and development



Which of the following expenditures to enhance productivity is most likely to emit a positive externality ?


aMegabank buys a new computer


b Naila pays her university tuition fees.


cOGDC leases a new oil field


dIndus Motors buys a new drill press



If Toyota builds a new plant in the north of England ?


aNone of these answers


bThere has been an increase in foreign portfolio investment in the UK


cOnce the plant starts producing cars UK GDP will rise less than UK GNP


donce the plant starts producing cars UK GDP will rise more than UK GNP



Which of the following is an example of foreign portfolio investment ?


a Toyota builds a new plant in the north of England


b EDF of France buys shares in Scottish & Southern Energy of the UK, and Scottish & Southern Energy uses the Proceeds to build a new hydro-electric power station in Scotland


cDeutsche Bank of Germany buys some new software from UK Supplier


dJCB builds a new plant near Manchester



Which of the following describes an increase in technological knowledge ?


aA farmer sends his child to agricultural college and the child returns to work on the farm


bA farmer hires another day laborer


cA farmer buys another tractor


dA farmer discovers that it is better to plant in the spring rather than in the fall



Thomas Malthus argued that ?


anone of these answers


b an ever-increasing population is constrained only by the food supply resulting in chronic faminies


ctechnological progress will continuously generate improvement in productivity and living standards.


dlabor is the only true factor of production



Copper is an example of ?


aa renewable natural resource


bphysical capital


ctechnology


da non-renewable natural resource



Which of the following statements is true ?


aCountries all have the same growth rate and level of output because any country can obtain the same factors of production


bCountries have great variance in both the level and growth rate of GDP/person thus poor countries can become relatively rich over time


cCountries may have different level of GDP/person but they all grow at the same reate


d Countries may have a different growth rate but they all have the same level of GDP/person



Goto Page No.

Page 174 of 444

Alphabetical MCQs Categories

Here below You find all kind of categories of MCQs in alphabetical order.


"Comprehensive Collection of MCQs: Alphabetically Organized by Subject"

"Discover an extensive collection of multiple-choice questions (MCQs) neatly categorized by subject from A to Z. This resource is designed for anyone eager to explore various topics in a straightforward and organized manner. Whether you're a student preparing for exams, an educator seeking supplementary materials, or simply curious about different subjects, this compilation offers a convenient way to learn and assess your knowledge. With questions arranged alphabetically, navigation is effortless, allowing you to delve into subjects of interest at your own pace. Engage, learn, and expand your understanding with this accessible and comprehensive repository of MCQs!"


BolPakistan

bolpakistan.com.pk includes Job Mcqs and Pak Mcqs is the Top Largest Mcqs Forum in World, in which you can read Mcqs of All Subjects, PPSC test preparation, FPSC, NTS and PPSC PAST PAPERS, PPSC PAST MCQS. A Collection of Repeated MCQs for JOBs seekers.

Copyright © 2024, Designed & Developed by BolPakistan