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