English

Which economic problem involves selection of category of people who will ultimately consume the goods?

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Question

Which economic problem involves selection of category of people who will ultimately consume the goods?

Options

  • How to produce

  • For whom to produce

  • What to produce

  • None of these

MCQ
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Solution

For whom to produce

Explanation:

‘For whom to produce’ concerns the distribution of produced goods among different categories of people, i.e. who will ultimately consume them.

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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 14. | Page 1.34
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