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