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