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