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Choose the correct option: Key points in Lionel Robbins' definition a) Wants are unlimited b) Means are limited c) Wants are not gradable d) Means have alternative uses.

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Question

Choose the correct option:

Key points in Lionel Robbins' definition 

a) Wants are unlimited

b) Means are limited

c) Wants are not gradable

d) Means have alternative uses.

Options

  • a and b

  • b and c

  • a, b and d

  • a, b, c and d

MCQ
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Solution

a, b and d

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Nature of Economics
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Chapter 1: Basic Concepts in Economics - Exercise Q.1 [Page 8]

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Balbharati Economics [English] Standard 11 Maharashtra State Board
Chapter 1 Basic Concepts in Economics
Exercise Q.1 | Q 3 | Page 8
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