>
Exams
>
Economics
>
Business and Economy
>
the problem of choice arises from
Question:
The problem of choice arises from:
CUET (UG) - 2023
CUET (UG)
Updated On:
Apr 2, 2026
Abundance
Scarcity
Competing usages
Economic activities
Show Solution
Verified By Collegedunia
The Correct Option is
B
Solution and Explanation
The correct option is (B) :Scarcity
Download Solution in PDF
Was this answer helpful?
0
0
Top CUET Economics Questions
The relation between the consumer’s optimal choice of the quantity of a good and its price is called?
CUET (UG) - 2025
Economics
Demand analysis
View Solution
Budget Set is ...................
CUET (UG) - 2025
Economics
Economics
View Solution
Find the correct statement/statements. (A) Goods which are consumed together are called complementary goods.
(B) The market demand curve can be derived as a vertical summation of the individual demand curves.
(C) Price elasticity of demand is a measure of the responsiveness of the demand for a good to changes in its price.
(D) If the consumer’s preferences change in favor of a good, the demand curve for such a good shifts leftward.
CUET (UG) - 2025
Economics
Demand analysis
View Solution
Consider the production function \(q = f(x_1, x_2)\) where the firm produces \(q\) amount of output using \(x_1\) amount of factor 1 and \(x_2\) amount of factor 2. The firm decides to increase the employment level of both factors by \(t\) (\(t>1\)). Identify the equation for decreasing returns to scale from the following:
CUET (UG) - 2025
Economics
Production Function
View Solution
Fiscal deficit is defined as:
CUET (UG) - 2025
Economics
Government Budgeting
View Solution
View More Questions
Top CUET Business and Economy Questions
Choose the correct facts related to development experience of India, Pakistan and China.
(A) Reforms in China were introduced in 1978.
(B) India adopted the mixed economy model for development
(C) In 1965, the Great leap forward campaign was initiated
(D) China has announced its first five year plan in 1956
(E) Reforms were initiated in Pakistan in 1978
Choose the
correct
answer from the options given below:
CUET (UG) - 2023
Economics
Business and Economy
View Solution
Both India and Pakistan, have many similarities in the context of various economic policies. Identify the similarities.
(A) Both the economies have adopted mixed economy
(B) Both the countries have adopted reforms near to 1990s
(C) Both countries got independence from France
(D) Both countries uses collective ownership of Land
(E) Both countries have NITI Ayog
Choose the correct answer from the options given below :
CUET (UG) - 2023
Economics
Business and Economy
View Solution
Which of the following is not true about currency notes and wins in circulation in an economy ?
CUET (UG) - 2023
Economics
Business and Economy
View Solution
Match List - I with List- II.
List - I
List - II
(A) Autonomous transaction
(I) Current Account
(B) Appreciation
(II) Import of petroleum
(C) Managed floating
(III) Price of domestic currency increases
(D) Purchase of machinery
(IV) Central Bank intervenes
Choose the correct answer from the options given below:
CUET (UG) - 2023
Economics
Business and Economy
View Solution
Arrange the following in their establishment from early to recent :
(A) Introduction of GST
(B) World Trade Organisation was founded
(C) Establishment of Planning Commission
(D) First Phase of Green Revolution
Choose the
correct
answer from the options given below:
CUET (UG) - 2023
Economics
Business and Economy
View Solution
View More Questions
Top CUET Questions
Find the ratio of de-Broglie wavelengths of deuteron having energy E and \(\alpha\)-particle having energy 2E :
CUET (UG) - 2026
Dual nature of radiation and matter
View Solution
Select the correct statements for [Fe(CN)\(_6\)]\(^{3-}\) complex:
(A) Paramagnetic
(B) sp\(^3\)d\(^2\) hybridization
(C) Magnetic moment = 5.92 BM
(D) d\(^2\)sp\(^3\) hybridization
CUET (UG) - 2025
Coordination chemistry
View Solution
According to Hsüan-tsang's impressions of Indian education, which of the following is not included in the five vidyās, which the young were instructed after arrving at the age of seven years and upwards?
CUET (UG) - 2025
History of Education in India
View Solution
If A = $\begin{bmatrix} 0 & -1 \\ 1 & 0 \end{bmatrix}$ and B = $\begin{bmatrix} 1 & 0 \\ 1 & 0 \end{bmatrix}$ then the matrix AB is equal to
CUET (UG) - 2025
Matrices and Determinants
View Solution
Match List-I with List-II \[ \begin{array}{|l|l|} \hline \textbf{List-I} & \textbf{List-II} \\ \hline (A) \; \text{Malaria} & (I) \; \text{Inflammation of lower limb} \\ \hline (B) \; \text{Filariasis} & (II) \; \text{Cycles of fever} \\ \hline (C) \; \text{Ringworms} & (III) \; \text{Blood clots and excess mucus in stools} \\ \hline (D) \; \text{Amoebiasis} & (IV) \; \text{Scaly lesions on nails} \\ \hline \end{array} \]
CUET (UG) - 2025
Human health and disease
View Solution
View More Questions