__________ gives rise to the problem of choice. Option 1: Cost Option 2: Production Option 3: Endowment Option 4: Scarcity

The answer is 'Scarcity'. View full solution:

CUET Economics - __________ gives rise to the problem of choice. | PYQs + Solutions

CUET Economics

Micro

Easy

Cost

Production

Endowment

Scarcity

✅ Correct Option: 4

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16 May Shift 1

Identify the characteristics of the resources from the following

(A) Resources are limited

(B) Resources are available for free

(D) Resources have alternative uses.

Choose the correct answer from the options given below:

30 May Shift 1

The problem 'For whom to produce' is basically concerned with _______.

28 May Shift 2

In the course of production, exchange and consumption of goods and services, every society has to face a scarcity of resources; and it is the scarcity of resources that gives rise to the problem of .............

CUET Economics PYQs

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