A. Indifference curve
B. Lorenz curve
C. Budget line
D. Say’s law
Related Mcqs:
- A market in which money of one nation can be used to purchase the money of other nation is called____________________?
A. Money market
B. International market
C. Foreign exchange market
D. All of these - To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
A. Law of diminishing return
B. Say’ law
C. Law of diminishing marginal utility
D. Say’ law - The responsiveness of the quantity demand of a commodity to change in the consumer’s income, measured by the proportionate change in quantity divided by the proportionate change in income ?
A. Elasticity of demand
B. Import substitution
C. Income elasticity of demand
D. None - Total money income received by the individual or recipients of income is called____________________?
A. Gross income
B. Net income
C. Personal income
D. None of above - Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
A. Subsistence income
B. Poverty gap
C. Absolutely poverty
D. None - A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?
A. Income schedule
B. Saving schedule
C. Consumption schedule
D. None - A ratio that shows the unit of capital required to produce a unit of output over a given period of time?
A. Capital input ratio
B. Capital output ratio
C. Capital intensive ratio
D. None - Commodities whose demand varies directly with money income are called______________________?
A. Superior or normal goods
B. Complementary goods
C. Substitutes
D. None - Using part of income/saving for more income is called_________________?
A. Investment
B. Busyness
C. Consumption
D. Entrepreneurship - The study of how economies are transformed from stagnation to growth and from low income to higher income status?
A. Econometrics
B. Development economics
C. Development plan
D. All
