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