If there is an increase in demand without a corresponding increase in supply, there will be a
Rise in price
Shift in demand curve to the left
Fall in price
Shift in supply curve to the right
Correct answer is A
No explanation has been provided for this answer.
Perfectly inelastic
Fairly inelastic
Perfectly elastic
Fairly elastic
Correct answer is B
No explanation has been provided for this answer.
In order to accelerate economic development, a country must
Stimulate her population growth rate
Pursue a high population growth rate
Pursue a rational population policy
Pursue an incremental population policy
Correct answer is C
No explanation has been provided for this answer.
Utility is the satisfaction derived from
Demand
Production
Distribution
Consumption
Correct answer is D
No explanation has been provided for this answer.
In economic analysis, a statement is said to be normative if it
Relates to value judgement
Is incorrect
Can be tested scientifically
Is contradictory
Correct answer is A
No explanation has been provided for this answer.