A Gini coefficient of zero means that the ?

Related Mcqs:

1. A Gini coefficient of one means that ?

   A. all the income is received by the top 20% of the income distribution
   B. income is distributed equally
   C. the income is split equally between the top 20% and the rest of the distribution.
   D. one family has all the income and every one else has nothing.

2. The Gini coefficient is ?

   A. the ratio of the percentage of total income received by the top 20% of families to the percentage of total income received by by the bottom 20% of families
   B. the most common way of representing the income distribution graphically
   C. a commonly used measure of the degree of inequality in an income distribution
   D. a commonly used measure of the degree of inequity in an income distribution

3. A value of 1 in Gini index represents ?

   A. low inequality
   B. maximum inequality
   C. 10/10 000% inequality
   D. 1% inequality

4. Endorsement means anything written upon the back of the document What does means by Endorse ?

   A. To verify signature
   B. To verify the person holding cheque
   C. To sign one’s name upon the back of cheque
   D. To sign one’s name upon the front of cheque

5. A tariff of ________ would be prohibitive causing imports to fall to zero?

   A. $10
   B. $15
   C. $20
   D. $25

6. If marginal utility is zero ?

   A. Total utility is zero
   B. An additional unit of consumption will decrease total utility
   C. An additional unit of consumption will increase total utility
   D. Total utility is maximized

7. Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero marginal cost of study production. If ABC publishing engages in tying the two products its best strategy is to charge a combined price of ?

   A. Rs 60
   B. Rs 90
   C. Rs 85
   D. Rs 75

8. Suppose that ABC publishing sells an economics textbook and accompanying study guide. Raheel is willing to pay Rs75 for the text and Rs15 for the study guide. Mariam is willing to spend Rs60 for the text and Rs25 for the study guide. Suppose both the book and study guide have a zero-marginal cost of study production. If ABC publishing charges separate price for both products its best strategy is to charge price that when combined, total ?

   A. Rs 85
   B. Rs 75
   C. Rs 80
   D. Rs 60

9. The theoretical basis for zero marginal productivity of labor was the concept of ?

   A. marginal rate of substitution
   B. labor force literacy
   C. substitution of leisure and work among labor
   D. limited technical sustainability of factors

10. In the short run a firm will produce zero output if ?

    A. price is greater than short run average total cost
    B. price is between short run average total cost and short run average variable cost
    C. price is less than short run average variable cost
    D. profit is zero