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Economics Entrance Tests: Mock Test 80

Measurement of Inequality Multiple Choice Questions (MCQs) PDF Download - 80

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Measurement of Inequality MCQ Quiz with Answers PDF Download: Test 80

MCQ: 396

The theory of utilitarianism is based on the concept of

  1. increasing marginal utility
  2. constant increasing returns to scale
  3. law of equality
  4. diminishing marginal utility
MCQ: 397

A graphical display which shows the relationship between the price of a commodity and the quantity of that commodity consumers can pay at a specific period of time is known as

  1. IS-LM curve
  2. budget line
  3. linear demand curve
  4. indifference curve
MCQ: 398

An illustration of different combinations of commodity quantities that would bring a whole community the same level of utility is called as

  1. indifference curves
  2. isoquants
  3. production possibility frontier
  4. community indifference curves
MCQ: 399

Which of the following is not a type of market structure?

  1. oligopoly
  2. free market
  3. monopoly
  4. cartel
MCQ: 400

The relationship between country's marginal propensity to consume and their level of absorption is

  1. negative
  2. positive
  3. zero
  4. no relationship

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