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formtesting

1. The problem of ‘what to produce’ relates to:
  • The choice of technique
  • Distribution of income
  • Market value of goods
  • The choice of goods

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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