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