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Introducing new Paper mode
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15 questions
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- Multiple ChoicePlease save your changes before editing any questions.
The wish to have something is_
Desire
Want
Need
Demand
- Multiple ChoicePlease save your changes before editing any questions.
Effective efforts put to acquire something will be_
Want
Desire
Need
Demand
- Multiple ChoicePlease save your changes before editing any questions.
Willingness to pay for the want is_
Need
Desire
Demand
Show off
- Multiple ChoicePlease save your changes before editing any questions.
Things require to survive are categorised as_
Demands
Wants
Needs
Desires
- Multiple ChoicePlease save your changes before editing any questions.
Which is NOT a classification of Wants
Necessities
Luxuries
Comforts
Secondary
- Multiple ChoicePlease save your changes before editing any questions.
Which is NOT a feature of Wants
Recur
Competitive
Complementary
Limited
- Multiple ChoicePlease save your changes before editing any questions.
Services are _
Tangible
Non-tangible
- Multiple ChoicePlease save your changes before editing any questions.
Consumption is the direct use of goods and services in satisfying human wants
True
False
- Multiple ChoicePlease save your changes before editing any questions.
Sustainable development means not to leave resources for future use
False
True
- Multiple ChoicePlease save your changes before editing any questions.
Utility is the property of quality common to all commodities wanted by a person
Agree
Disagree
- Multiple ChoicePlease save your changes before editing any questions.
Which is NOT a feature of Utility
Subjective
Measurable
Relative
No moral or legal connotations
- Multiple ChoicePlease save your changes before editing any questions.
Which is NOT a feature of Utility
Subjective
Measurable
Relative
No moral or legal connotations
- Multiple ChoicePlease save your changes before editing any questions.
If we eat three mangoes at dinner time, the total amount of satisfaction obtained is called_
Total Utility
Marginal Utility
- Multiple ChoicePlease save your changes before editing any questions.
The utility which results from a unit increase in consumption
Marginal utility
Total utility
- Multiple ChoicePlease save your changes before editing any questions.
The concept of marginal utility decreasing with the increase in amount consumed of a commodity is called
Diminishing marginal returns
Diminishing marginal utility
Diminishing total utility
Diminishing total returns