A) all the above B) a list of need C) a mere demand D) a mere desire not backed by ability and willingness
A) backed by want B) None of the above C) backed by the ability to pay D) backed by desire
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 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) True B) Partially C) Incorrect D) False
A) It adopts scientific methods B) It adopts philosophical method C) It adopts socialist methods D) It adopts humanity method
A) unlimited supply of resources B) limited supply of resources C) abundance supply of goods D) None of the above
A) three B) six C) five D) four
A) Scale of preference B) Opportunity cost C) Want D) Choice
A) Three B) four C) two D) six
A) abnormal demand B) effective demand C) ineffective demand D) normal demand
A) articles of ostentation B) articles of necessity C) future expectation D) all of the above
A) seven B) three C) two D) five
A) Unknown B) true C) false D) Not certain
A) price of other goods B) Price of other services C) price of the commodity
A) partially B) false C) true D) Incorrect
A) price B) number of producers C) cost of the production D) taxation
A) Competitive demand B) Joint demand C) Composite supply
A) real goods B) superior or giffen goods C) inferior or giffen goods D) substandard goods
A) Production B) Opportunity cost C) Money cost D) Production Possibility Boundary
A) Non- feasible area B) waste of resources C) Official use of resources D) feasible area
A) feasible area B) good area C) non-feasible area D) attainable
A) sufficient B) efficient C) efficiently used D) not efficiently used
A) median B) arithmetic mean C) mean D) Mode
A) Commodity B) service C) Bill D) Utility
A) Want B) Opportunity cost C) Choice D) Scarcity
A) Choice B) Need C) Desire D) Want
A) Money cost B) Money matter C) Monetary D) Monument
A) Unknown B) False C) True D) Partly |