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