Micro

Introduction

Medium

The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in :

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

The question of 'what to produce and in what quantities' deals with the choice of goods, their quantities, and resource allocation between them. The 'technique of production' answers the separate central problem of 'how to produce', so it is not dealt with here.

2026: 31 May Shift 1

Every society has to answer three basic economics questions. Which one of the following is not part of those three questions?

2023: 1 June Shift 1

In a market Economy; prices are determined by :

2023: 11 June Shift 3

Which central problem deals with choice of technology to be used for production ?

2022: 15 July Shift 2

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:

2025: 28 May Shift 2

The book 'An Enquiry into the Nature and Cause of the Wealth of Nations' was published in which of the following year.

2023: 30 May Shift 1

Identify the impact of unemployment on PPC (Production Possibility Curve).

The Central problems of an economy that relate to the question 'what to produce and in what quantities, does not deal in :

Solution

Related questions:

Keyboard Shortcuts

CUET Economics Past Year Questions (Topic-Wise)