Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Introduction

Question:

Identify the Central Problem which is associated with the choice of goods in order to achieve optimum use of resources.

Options:

What to produce

In what quantity to produce

How to produce

For whom to produce

Correct Answer:

What to produce

Explanation:

The correct answer is option (1) : What to produce

Explanation:

  • "What to produce" refers to the fundamental economic question of determining which goods and services should be produced and in what quantities.
  • This decision involves allocating scarce resources among competing uses to maximize societal welfare and economic efficiency.