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