English

The problem of ‘What to produce’ covers the issue relating to ______.

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Question

The problem of ‘What to produce’ covers the issue relating to ______.

Options

  • What goods are to be produced

  • What quantities of goods to be produced

  • Both (a) and (b)

  • Neither (a) nor (b)

MCQ
Fill in the Blanks
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Solution

The problem of ‘What to produce’ covers the issue relating to what goods are to be produced and what quantities of goods to be produced.

Explanation:

‘What to produce’ has two aspects: which goods to produce and in what quantities. Hence both statements are covered by this central problem.

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Chapter 1: Introduction - OBJECTIVE QUESTIONS [Page 1.34]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 1 Introduction
OBJECTIVE QUESTIONS | Q 25. | Page 1.34
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