Economics MCQs – Mock Test 80

Measurement of Inequality MCQ with Answers PDF Download – Test 80

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Measurement of Inequality MCQ – Mock Test 80 PDF Download

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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