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