Which central problem deals with choice of technology to be used for production ? Option 1: What do produce and in what quantity ? Option 2: How to produce ? Option 3: For whom to produce ? Option 4: Where to produce ?

The answer is 'How to produce ?'. View full solution:

CUET Economics - Which central problem deals with choice of technology to be used for production ? | PYQs + Solutions

CUET Economics

Micro

Easy

What do produce and in what quantity ?

How to produce ?

For whom to produce ?

Where to produce ?

✅ Correct Option: 2

Related questions:

30 May Shift 2

Which statement is not true for Adam Smith?

29 May Shift 1

Positive Economics deals with_______________

CUET Economics 2022 Slot 1

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: