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