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