The scarcity of resources in the economy gives rise to the problem of............ Option 1: Decision-making. Option 2: Production. Option 3: Choice. Option 4: Consumption.

The answer is 'Choice.'. View full solution:

CUET Economics - The scarcity of resources in the economy gives rise to the problem of............ | PYQs + Solutions

CUET Economics 2025 22 May Shift 1

Micro

Easy

Decision-making.

Production.

Choice.

Consumption.

✅ Correct Option: 3