A) a mere demand B) a list of need C) a mere desire not backed by ability and willingness D) all the above
A) backed by the ability to pay B) None of the above C) backed by desire D) backed by want
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) Adam Smith B) Alferd Marshal C) John Stuart D) A.C Pigou
A) Incorrect B) Partially C) False D) True
A) It adopts scientific methods B) It adopts philosophical method C) It adopts socialist methods 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) five B) three C) six D) four
A) Scale of preference B) Want C) Choice D) Opportunity cost
A) two B) four C) Three D) six
A) abnormal demand B) effective demand C) ineffective demand D) normal demand
A) articles of ostentation B) articles of necessity C) future expectation D) all of the above
A) three B) two C) seven D) five
A) false B) Unknown C) true D) Not certain
A) price of the commodity B) Price of other services C) price of other goods
A) Incorrect B) true C) partially D) false
A) taxation B) number of producers C) cost of the production D) price
A) Joint demand B) Composite supply C) Competitive demand
A) superior or giffen goods B) substandard goods C) inferior or giffen goods D) real goods
A) Money cost B) Production C) Production Possibility Boundary D) Opportunity cost
A) feasible area B) waste of resources C) Official use of resources D) Non- feasible area
A) good area B) non-feasible area C) attainable D) feasible area
A) efficiently used B) sufficient C) not efficiently used D) efficient
A) Mode B) mean C) arithmetic mean D) median
A) Commodity B) Bill C) Utility D) service
A) Opportunity cost B) Choice C) Want D) Scarcity
A) Choice B) Want C) Need D) Desire
A) Monetary B) Money cost C) Monument D) Money matter
A) Partly B) False C) True D) Unknown |