Economics Quiz Questions and Answers

Which of the following is NOT an assumption of Hicks and Kaldor Welfare Criteria?

A Kaldor Movement is –

Scitvosky pointed out ______ in the Hick and Kaldor model.

Hicks and Kaldor’s social welfare has been in a discussion since –

Hicks and Kaldor claimed that they have separated the production changes from –

Scitovsky says that a change is an improvement if –

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.

Arrow’s impossibility theorem came up in the year –

Which of the following is not an assumption of Arrow’s impossibility theorem?

Which amongst the following is NOT one of the five bases to study the welfare function stated by A.K Sen –

A Gini coefficient is the ratio of the area that lies between the Lorenz curve and the diagonal to the area that is –

A Lorenz curve is a diagrammatic representation of the relation between the portion of the population and the –

According to Atkinson’s theorem, which of the following are constant?

Shorrock’s theorem says that if a generalized Lorenz Curve (GL1) dominates another Generalized Lorenz (GL2) then GL1 represents:

Samuelson argues that a full test of improvement in welfare requires that the new UPC shall –