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