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