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