Economics Practice Test 80
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
- increasing marginal utility
- constant increasing returns to scale
- law of equality
- 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
- IS-LM curve
- budget line
- linear demand curve
- 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
- indifference curves
- isoquants
- production possibility frontier
- community indifference curves
MCQ 399: Which of the following is not a type of market structure?
- oligopoly
- free market
- monopoly
- cartel
MCQ 400: The relationship between country's marginal propensity to consume and their level of absorption is
- negative
- positive
- zero
- no relationship
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