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