CUET Economics - An economy has to choose one of the many possibilities that it has at given resources. Therefore, the cost that an additional unit of X commodity in terms of the amount of the Y commodity that has to be forgone is called ................ cost. | PYQs + Solutions

CUET Economics 2025 28 May Shift 2

Economics

Easy

Opportunity.

Production.

Total.

Economic.

✅ Correct Option: 1

Related questions:

28 May Shift 1

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

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.

22 May Shift 1

......... is an economy in which there is both the private sector and the government.

CUET Economics 2025 28 May Shift 2 PYQs