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