CUET Economics 2025 22 May Shift 2 PYQs

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.

Arrange the following chronologically:

(A) Great Depression.

(B) The Economic Consequences of the Peace.

(C) An Enquiry into the Nature and cause of the Wealth of the Nations.

(D) The General Theory of Employment, Interest and Money.

Choose the correct answer from the options given below:

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