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