A) Adam Smith
B) John Keynes
C) Friedrich Hayek
D) Milton Friedman
Lecturer Economics Past Papers 2011
To plan is to act with a purpose of choose and choice is the essence of economic activity was explained by?
A) Dickinson
B) Robbins
C) Beverage
D) Lewis Larwin
Which of the following is not the indicator of human resources development?
A) Marginal efficiency of capital
B) Provision of Health facilities
C) Organized education
D) On the job training
SMEDA is one of the pioneer in the field of?
A) Manufacturing goods
B) International trade
C) Micro finance
D) Marketing of goods
Economic growth is said to be …..?
A) Subjective approach
B) Objective approach
C) Quantitative approach
D) Qualitative approach
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Sales taxes are generally considered to be?
A) Proportional taxes
B) Progressive taxes
C) Regressive taxes
D) Indirect taxes
Prices tend to be inflated during war time because?
A) There is competition for fully employed resources
B) Guns cost more than butter
C) The consumer price index calculated differently in war time
D) Fewer people are living on fixed incomes
International trade agreements by cartels?
A) Exert monopolistic of influence
B) Generally happen in industries, with limited supply
C) Lead to price deregulate
D) None of these
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
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 labour markets