The theory that all human action is motivated by pleasure and the avoidance of pain or the ethic that it should be so motivated. Such theory is termed as

Related MCQs

• The setting up of mathematical models describing economic relationship testing the validity of such hypotheses is termed as:
• The functions of sales, distribution, advertising and sales promotion, product planning and market research are termed as:
• Buying and selling with a view to buying and selling at a profit later when the prices have changed is termed:
• The asset that is capable of generating income and that have itself been produced is termed
• The dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
• A market in which supply and demand are not subject to regulation other than normal competition policy is termed:
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• The skills and knowledge embodied in the labour force are termed as:
• The degree to which an asset can be quickly and cheaply turned into money, is termed as: