The resources are :
A) limited
B) unlimited
C) not only limited but are capable of alternative uses
D) none of the above
Correct Answer:
Verified
Q1: The economic problem arises since
A)wants are unlimited
B)resources
Q2: Economic problem arises in
A)planned economies
B)free market economies
C)mixed
Q4: ----- is not an example of free
Q5: The term production refers to:
A)producing things which
Q6: The problem of allocation of resources is
Q7: The distribution of national product among the
Q8: Which one of the following come under
Q9: Which one of the following is not
Q10: Partial equilibrium analysis come under:
A)micro economics
B)macro economics
C)welfare
Q11: "The starting point of all economic activity
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