Question : What to produce is the problem related to ___________.
Option 1: Problem of allocation of resources
Option 2: Problem of selection of technology
Option 3: Problem of distribution of income
Option 4: All of the above
Answer (1)
11th Jan, 2024
Correct Answer: Problem of allocation of resources
Solution : What to produce involves selection of goods and services to be produced and the quantity to be produced of each selected commodity. This problem is also known as the problem of allocation of resources. Hence the correct option is 1.
Comments (0)
Related Questions
Trending Articles/News
