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