The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in : Option 1: Technique of production Option 2: Distribution of resources between different goods produced Option 3: Quantities of different of goods Option 4: Combination of goods to be produced in the economy

The answer is 'Technique of production'. View full solution:

CUET Economics - The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in : | PYQs + Solutions

CUET Economics

Micro

Medium

Technique of production

Distribution of resources between different goods produced

Quantities of different of goods

Combination of goods to be produced in the economy

✅ Correct Option: 1

Related questions:

28 May Shift 1

Which of the following is not the central problem of the economy?

Why are the goods produced?
What to produce?
How are the goods produced?
For whom are the goods produced?

28 May Shift 1

The book 'An Enquiry into the Nature and Causes of the Wealth of Nations' is written by:

J. M. Keynes
David Ricardo
Adam Smith
Karl Marx

31 May Shift 1

Choose the correct statements from the following.

(A) The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the production possibility frontier.

(B) Slope of production possibility frontier is called marginal opportunity cost.

(D) Scarcity of resources gives rise to the problem of choice.

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