A) all the above B) a list of need C) a mere demand D) a mere desire not backed by ability and willingness
A) None of the above B) backed by the ability to pay C) backed by desire D) backed by want
A) Effective demand B) Supply C) Total production
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) John Stuart B) Alferd Marshal C) Adam Smith D) A.C Pigou
A) True B) Partially C) False D) Incorrect
A) It adopts socialist methods B) It adopts scientific methods C) It adopts humanity method D) It adopts philosophical method
A) limited supply of resources B) unlimited supply of resources C) None of the above D) abundance supply of goods
A) four B) six C) five D) three
A) Opportunity cost B) Choice C) Scale of preference D) Want
A) four B) two C) six D) Three
A) effective demand B) abnormal demand C) normal demand D) ineffective demand
A) all of the above B) articles of necessity C) future expectation D) articles of ostentation
A) three B) five C) two D) seven
A) false B) true
A) Price of other services B) price of the commodity C) price of other goods
A) partially B) true C) false
A) cost of the production B) number of producers C) price D) taxation
A) Joint demand B) Competitive demand C) Composite supply
A) real goods B) inferior or giffen goods C) superior or giffen goods D) substandard goods |