A. Price and quantity demanded are inversely related
B. P & D are directly related
C. There is no relation bet P & D
D. None
A. Producing all output combinations in the least costly way
B. Producing the specific output mix most desired by society
C. Producing the desired ones only
D. None
A. Superior good
B. Normal good
C. Complementary good
D. None
A. Demand effectors
B. Demand determinants
C. Demand shifters
D. none
A. Indifference curve
B. Income budget line
C. Circular flow model
D. Says law
A. Command economy
B. Traditional economy
C. Mixed economy
D. Authoritarian economy
A. Pure capitalism
B. Iaissez faire capital
C. Both
D. None
A. Economic system
B. Fascism
C. Mixed system
D. None
A. Unemployment
B. Failure to achieve productive efficiency
C. Both A. and B.
D. None of these
A. International Trade
B. Speculation
C. International specialization
D. None