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 want C) None of the above D) backed by the ability to pay
A) Effective demand B) Total production C) Supply
A) the higher the price,the higher the demand B) all things being equal, the higher the price, the lower the quantity demanded and vice versa C) the lower the price, the lower the quantity supplied
A) Alferd Marshal B) John Stuart C) Adam Smith D) A.C Pigou
A) Partially B) Incorrect C) True D) False
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) abundance supply of goods C) limited supply of resources D) None of the above
A) four B) six C) five D) three
A) Scale of preference B) Choice C) Opportunity cost D) Want
A) four B) six C) Three D) two
A) ineffective demand B) abnormal demand C) normal demand D) effective demand
A) articles of ostentation B) articles of necessity C) all of the above D) future expectation
A) two B) five C) three D) seven
A) true B) false
A) Price of other services B) price of other goods C) price of the commodity
A) partially B) false C) true
A) cost of the production B) price C) taxation D) number of producers
A) Composite supply B) Competitive demand C) Joint demand
A) superior or giffen goods B) substandard goods C) inferior or giffen goods D) real goods |