CUET Economics 2026 21st May Shift 1 PYQs

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.

Who is regarded as the father of modern economics?

1. Adam Smith.
2. John Maynard Keynes.
3. Amartya Sen.
4. Abraham Maslow.

Whether to have more consumption goods or to have investment goods which will boost production and consumption tomorrow, is a part of which of the central problem?