Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services. Option 1: Consumption Option 2: Production Option 3: Exchange Option 4: Demand and supply

The answer is 'Production'. View full solution:

CUET Economics - Any allocation of resources by the society would result in the _____ of a particular combination of different goods and services. | PYQs + Solutions

CUET Economics 2025 14 May Shift 1

Micro

Easy

Consumption

Production

Exchange

Demand and supply

✅ Correct Option: 2

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15 May Shift 1

Which of the following depicts the central problem of economy, 'How to produce'?

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Choose the correct statements from the following:

31 May Shift 1

Choose the correct statements from the following.

(A) The collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the production possibility frontier.

(B) Slope of production possibility frontier is called marginal opportunity cost.

(D) Scarcity of resources gives rise to the problem of choice.

CUET Economics 2025 14 May Shift 1 PYQs

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