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