A) a mere demand B) all the above C) a mere desire not backed by ability and willingness D) a list of need
A) None of the above B) backed by the ability to pay C) backed by want D) backed by desire
A) Supply B) Effective demand C) Total production
A) the higher the price,the higher the demand B) the lower the price, the lower the quantity supplied C) all things being equal, the higher the price, the lower the quantity demanded and vice versa
A) John Stuart B) Adam Smith C) A.C Pigou D) Alferd Marshal
A) False B) Partially C) True D) Incorrect
A) It adopts scientific methods B) It adopts philosophical method C) It adopts humanity method D) It adopts socialist methods
A) unlimited supply of resources B) limited supply of resources C) None of the above D) abundance supply of goods
A) six B) five C) four D) three
A) Scale of preference B) Opportunity cost C) Choice D) Want
A) six B) Three C) four D) two
A) normal demand B) effective demand C) ineffective demand D) abnormal demand
A) all of the above B) articles of ostentation C) future expectation D) articles of necessity
A) five B) two C) seven D) three
A) Unknown B) false C) Not certain D) true
A) price of other goods B) Price of other services C) price of the commodity
A) false B) true C) Incorrect D) partially
A) price B) cost of the production C) taxation D) number of producers
A) Joint demand B) Composite supply C) Competitive demand
A) real goods B) substandard goods C) superior or giffen goods D) inferior or giffen goods
A) Production Possibility Boundary B) Production C) Opportunity cost D) Money cost
A) Non- feasible area B) waste of resources C) Official use of resources D) feasible area
A) feasible area B) non-feasible area C) good area D) attainable
A) not efficiently used B) sufficient C) efficient D) efficiently used
A) mean B) Mode C) median D) arithmetic mean
A) Commodity B) Bill C) Utility D) service
A) Want B) Choice C) Opportunity cost D) Scarcity
A) Need B) Choice C) Want D) Desire
A) Money cost B) Monument C) Money matter D) Monetary
A) Partly B) True C) False D) Unknown |