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 the ability to pay B) backed by want C) None of the above 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 higher the price,the higher the demand C) the lower the price, the lower the quantity supplied
A) A.C Pigou B) Alferd Marshal C) John Stuart D) Adam Smith
A) True B) Partially C) Incorrect D) False
A) It adopts scientific methods B) It adopts humanity method C) It adopts socialist methods D) It adopts philosophical method
A) None of the above B) limited supply of resources C) abundance supply of goods D) unlimited supply of resources
A) three B) four C) six D) five
A) Scale of preference B) Want C) Opportunity cost D) Choice
A) two B) six C) four D) Three
A) effective demand B) ineffective demand C) abnormal demand D) normal demand
A) future expectation B) articles of ostentation C) articles of necessity D) all of the above
A) seven B) two C) three D) five
A) true B) false
A) price of other goods B) Price of other services C) price of the commodity
A) partially B) true C) false
A) cost of the production B) number of producers C) taxation D) price
A) Composite supply B) Competitive demand C) Joint demand
A) substandard goods B) superior or giffen goods C) real goods D) inferior or giffen goods |