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