Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Which of the following options is unconcerned with the problem of choice?

Options:

Unlimited wants                                       

Scarce resources

Alternative use of technology

Excessive income      

Correct Answer:

Excessive income      

Explanation:

Problem of choice is derived from the "Economic scarcity" of resources in the economy and its alternate uses combined with the unlimited wants of individuals. Excessive income has no relation with the PROBLEM of choice.