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