CUET Economics 2025 14 May Shift 1 PYQs

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

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 .............

A point outside the Production Possibility Curve represents:

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