Micro

Introduction

Easy

The goods which posses the characteristics of rivalary and excludability are known as:

Public goods

Mixed goods

Separate goods

Private good

✅ Correct Option: 4

Goods that are both rival in consumption (one person's use reduces availability to others) and excludable (non-payers can be kept from using them) are classified as private goods.

2025: 13 May Shift 2

The economic approach in which we try to understand whether given mechanisms are desirable or not is known as ..........

2025: 27 May Shift 2

Which one is not the central problem of the economy?

2026: 21 May Shift 1

An economy in which both the private and the public sector coexist is known as a ....................

2024: 16 May

Choose the correct statements from the following:

2025: 30 May Shift 1

The problem 'For whom to produce' is basically concerned with _______.

2026: 23 May Shift 1

Which one of the following statement is correct?

The goods which posses the characteristics of rivalary and excludability are known as:

Solution

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CUET Economics Past Year Questions (Topic-Wise)