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 the ability to pay B) backed by want C) None of the above D) backed by desire
A) Total production B) Supply 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) A.C Pigou B) Adam Smith C) John Stuart D) Alferd Marshal
A) Incorrect B) False C) True D) Partially
A) It adopts socialist methods B) It adopts scientific methods C) It adopts philosophical method D) It adopts humanity method
A) unlimited supply of resources B) abundance supply of goods C) None of the above D) limited supply of resources
A) four B) six C) three D) five
A) Opportunity cost B) Scale of preference C) Choice D) Want
A) Three B) four C) two D) six
A) normal demand B) abnormal demand C) ineffective demand D) effective demand
A) articles of necessity B) future expectation C) all of the above D) articles of ostentation
A) three B) two C) seven D) five
A) false B) true
A) price of the commodity B) price of other goods C) Price of other services
A) true B) partially C) false
A) taxation B) price C) number of producers D) cost of the production
A) Competitive demand B) Joint demand C) Composite supply
A) real goods B) inferior or giffen goods C) substandard goods D) superior or giffen goods |