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