Economics Exam Prep MCQs – Mock Test 36

Measurement of Inequality MCQ with Answers PDF Download – Test 36

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Free Measurement of Inequality Learning App (Android & iOS) with MCQ: "A level of personal or family income below which one is classified as poor according to governmental standards is known as"; with answers: poverty rate, poverty threshold, poverty rank, and poverty ratio. Learn income inequality and poverty questions and answers to improve problem solving skills for virtual economics learning communities.

Measurement of Inequality MCQ – Mock Test 36 PDF Download

MCQ 176: A level of personal or family income below which one is classified as poor according to governmental standards is known as:

poverty threshold
poverty rate
poverty ratio
poverty rank

MCQ 177: A graph that shows all the possible output combination of two goods/services, with the resources being fully utilized is:

PPF
Budget line
Isoquant
indifference curve

MCQ 178: One of the cost reducing determinant of supply is known to be as:

buyers and sellers
technology
gadgets
discounts

MCQ 179: If the terms of trade and wealth effect of the economy tends to be positive, the nation's welfare be definitely:

decreases
constant
varying
increase

MCQ 180: The graph of demand for labor will always be:

positively sloped
negatively sloped
straight line
curved

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