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