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Measurement of Inequality Multiple Choice Questions (MCQ) PDF - 80

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Measurement of Inequality Questions and Answers PDF Download: Quiz 80

MCQ 396: The theory of utilitarianism is based on the concept of

A) increasing marginal utility
B) constant increasing returns to scale
C) law of equality
D) 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

A) IS-LM curve
B) budget line
C) linear demand curve
D) 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

A) indifference curves
B) isoquants
C) production possibility frontier
D) community indifference curves

MCQ 399: Which of the following is not a type of market structure?

A) oligopoly
B) free market
C) monopoly
D) cartel

MCQ 400: The relationship between country's marginal propensity to consume and their level of absorption is

A) negative
B) positive
C) zero
D) no relationship

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