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