A) a mere desire not backed by ability and willingness B) a list of need C) all the above D) a mere demand
A) backed by want B) backed by the ability to pay C) backed by desire D) None of the above
A) Supply B) Effective demand C) Total production
A) the lower the price, the lower the quantity supplied B) the higher the price,the higher the demand C) all things being equal, the higher the price, the lower the quantity demanded and vice versa
A) Alferd Marshal B) John Stuart C) A.C Pigou D) Adam Smith
A) Incorrect B) True C) False D) Partially
A) It adopts humanity method B) It adopts philosophical method C) It adopts scientific methods D) It adopts socialist methods
A) unlimited supply of resources B) None of the above C) limited supply of resources D) abundance supply of goods
A) four B) six C) five D) three
A) Opportunity cost B) Choice C) Scale of preference D) Want
A) four B) Three C) six D) two
A) abnormal demand B) ineffective demand C) normal demand D) effective demand
A) future expectation B) all of the above C) articles of necessity D) articles of ostentation
A) five B) three C) two D) seven
A) false B) true
A) Price of other services B) price of other goods C) price of the commodity
A) false B) true C) partially
A) cost of the production B) taxation C) number of producers D) price
A) Joint demand B) Composite supply C) Competitive demand
A) substandard goods B) real goods C) inferior or giffen goods D) superior or giffen goods |