1. The problem of ‘what to produce’ relates to:
- The choice of technique
- Distribution of income
- Market value of goods
- The choice of goods
View answer
Answer: d
2. Which of the following is not the central problem of economy?
- What to produce?
- Where to produce?
- For whom to produce?
- None of these
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Answer: b
3. Which of the following is related to the problem ‘How to produce’
- Factoral distribution of Income
- The choice of technique
- The choice of product
- None of these
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Answer: b
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