Which of the following is not a central problem of an economy? Option 1: What to produce more ? Option 2: How much of which resource to be used ? Option 3: How to increase resources ? Option 4: Distribution of final produce among the individuals.

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

CUET Economics - Which of the following is not a central problem of an economy? | PYQs + Solutions

CUET Economics

Micro

Easy

What to produce more ?

How much of which resource to be used ?

How to increase resources ?

Distribution of final produce among the individuals.

✅ Correct Option: 3

Related questions:

28 May Shift 1

A point outside the Production Possibility Curve represents:

A combination of goods can be produced but resources are underutilized.
A combination of goods can be produced, and the resources are fully utilized.
A combination of goods can not be produced as it is beyond the capacity of the economy.
A combination of goods can be produced and resources are appropriately utilized.

CUET Economics 2022 Slot 5

Match List - I with List - II.

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

Choose the correct answer from the options given below :

CUET Economics 2024 Slot 1

Choose the correct statements from the following: