Economics Quiz Questions and Answers
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Welcome to Economics Quiz Questions and Answers. This quiz contains topics from the topics Monopoly Structure and the modern welfare criteria.
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Which of the following is NOT an assumption of Hicks and Kaldor Welfare Criteria?CorrectIncorrect
A Kaldor Movement is –CorrectIncorrect
Scitvosky pointed out ______ in the Hick and Kaldor model.CorrectIncorrect
Hicks and Kaldor’s social welfare has been in a discussion since –CorrectIncorrect
Hicks and Kaldor claimed that they have separated the production changes from –CorrectIncorrect
Scitovsky says that a change is an improvement if –CorrectIncorrect
Samuelson argues that a full test of improvement in welfare requires that the new UPC shall not lie ____ the old UPC at any given point.CorrectIncorrect
Arrow’s impossibility theorem came up in the year –CorrectIncorrect
Which of the following is not an assumption of Arrow’s impossibility theorem?CorrectIncorrect
Which amongst the following is NOT one of the five bases to study the welfare function stated by A.K Sen –CorrectIncorrect
A Gini coefficient is the ratio of the area that lies between the Lorenz curve and the diagonal to the area that is –CorrectIncorrect
A Lorenz curve is a diagrammatic representation of the relation between the portion of the population and the –CorrectIncorrect
According to Atkinson’s theorem, which of the following are constant?CorrectIncorrect
Shorrock’s theorem says that if a generalized Lorenz Curve (GL1) dominates another Generalized Lorenz (GL2) then GL1 represents:CorrectIncorrect
Samuelson argues that a full test of improvement in welfare requires that the new UPC shall –CorrectIncorrect
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Hope you enjoyed the Economics Quiz Questions and Answers. It is meant for competitive exams like UPSC, IAS, etc, and other Economics Exams.