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