A) a mere desire not backed by ability and willingness B) a list of need C) all the above D) a mere demand
A) None of the above B) backed by the ability to pay C) backed by want D) backed by desire
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) A.C Pigou B) Alferd Marshal C) John Stuart D) Adam Smith
A) Incorrect B) False C) True D) Partially
A) It adopts humanity method B) It adopts socialist methods C) It adopts scientific methods D) It adopts philosophical method
A) limited supply of resources B) abundance supply of goods C) unlimited supply of resources D) None of the above
A) three B) five C) six D) four
A) Want B) Opportunity cost C) Scale of preference D) Choice
A) six B) two C) four D) Three
A) abnormal demand B) ineffective demand C) normal demand D) effective demand
A) articles of necessity B) articles of ostentation C) future expectation D) all of the above
A) seven B) five C) three D) two
A) false B) true
A) price of other goods B) price of the commodity C) Price of other services
A) false B) true C) partially
A) number of producers B) cost of the production C) price D) taxation
A) Joint demand B) Competitive demand C) Composite supply
A) inferior or giffen goods B) substandard goods C) real goods D) superior or giffen goods |