A. is a reality that underlies economic behavior
B. has the same meaning as selfishness
C. is more characteristic of men than of women
D. is usually self-defeating
According to Emerson: “Want is a growing giant whom the coat of Have was never large enough to cover.” According to economists, “Want” exceeds “Have” because:
A. people are greedy
B. productive resources are limited
C. human beings are inherently insecure
D. people are irrational
When economists say that people act rationally in their self interest, they mean that individuals _______?
A. look for and pursue opportunities to increase their utility
B. generally disregard the interests of others
C. are mainly creatures of habit
D. are unpredictable
In economics, the pleasure, happiness, or satisfaction received from a product is called ______?
A. marginal cost
B. rational outcome
C. status fulfillment
D. utility
For economists, the word “utility” means:
A. versatility and flexibility
B. rationality
C. pleasure and satisfaction
D. purposefulness
It was he who “put a spoke in my wheel”.
A. tried to cause an accident
B. helped in the execution of the plan
C. thwarted in the execution of the plan
D. destroyed the plan
Do no trust a man who “blows his own trumpet”
A. flatters
B. praises others
C. admonishes others
D. praises himself
In the armed forces, it is considered a great privilege to “die in harness”.
A. die on a horse back
B. die in the battlefield
C. die while still working
D. die with honour
He “passed himself off” as a noble man.
A. Was regarded as
B. Pretended to be
C. Was thought to be
D. Was looked upon
____ police guards had been withdrawn from non-entitled persons in Punjab in light of a recent Supreme Court order.
____ police guards had been withdrawn from non-entitled persons in Punjab in light of a recent Supreme Court order.
A: 4,610
B: 5,610
C: 6,610
D: 7,610