Question

Central problems of an economy are found only in those economies which are not governed or regulated by the government.

• A. True
• B. False

Answer 1

The correct option is B False

The central economic problems rise for the basic fact that the resources in the economy is scarce whereas the wants are unlimited. Therefore, it deals with the efficient allocation of the resources for the production of goods and services in the economy and regulations/intervention of the government can do little about central economic problems.