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