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