Match List I with List II | List I: Economic issue | List II: Refers to | | --- | --- | | A. Scarcity | I. Based on facts | | B. Normative statement | II. Central problem of an economy | | C. Positive statement | III. Problem of choice | | D. What to produce | IV. Based on value judgment | Choose the correct answer from the options given below:

Question

Option 1: A-III, B-II, C-I, D-IV

Option 2: A-III, B-IV, C-I, D-II

Option 3: A-III, B-IV, C-II, D-I

Option 4: A-IV, B-III, C-II, D-I

AfterBoards · Accepted Answer

The answer is 'A-III, B-IV, C-I, D-II'. View full solution:

List - I	List - II
(A) Centrally planned economy	(I) Depends on demand and supply forces
(B) Mixed economy	(II) Economic problem
(C) Market economy	(III) Socialist economy
(D) Problem of choice	(IV) Public and Private sector

CUET Economics PYQs

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