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