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