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