The planning authority is expected to choose a production technique that ensures that the available resources are _____________.

fully utilised

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under utilised

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over utilised

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either B or C

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Solution

The correct option is A fully utilised
The central problems of the economy is solved by a centrally based planning authority that resolves all the centrally based problems related to production of goods and services in the economy which includes the problem of 'How to produce? Using labour or capital intensive techniques?' which is decided by allocating resources for the production keeping in mind the most efficient technique that will maximize the output of the economy.

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