Question

Match the following:
(i) The problem of allocation of resources (a) Root cause of all economic problems
(ii) The problem of distribution (b) What to produce?
(iii) Scarcity (c) For whom to produce?
(iv) The problem of technique (d) How to produce?

• A. i (b); ii (c); iii (a); iv(d)
• B. i (d); ii (b); iii (c); iv(a)
• C. i (c); ii (b); iii (a); iv(d)
• D. i (a); ii (b); iii (c); iv(d)

Answer 1

The correct option is A i (b); ii (c); iii (a); iv(d)

The problem of allocation of resources	What to produce?
The problem of distribution	For whom to produce?
Scarcity	Root cause of all economic problem
The problem of technique	How to produce?