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