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