Question : Scarcity and ______ go together.

Option 1: Choice

Option 2: Available resources

Option 3: Non-renewable resources

Option 4: All of the above

Question : The study of how individuals allocate their limited resources to satisfy unlimited wants is known as:

Option 1: Public economics

Option 2: Welfare economics

Option 3: Microeconomics

Option 4: Development economics

Question : Economic problem is a problem of ________.

Option 1: Choice

Option 2: Scarcity

Option 3: Unlimited resources

Option 4: Alternative uses

Question : Economizing of resources means __________

Option 1: making optimum use of the available resources

Option 2: making non-optimum use of the available resources

Option 3: making alternative use of the available resources

Option 4: None of the above

Question : Basic problem of the economy is

Option 1: scarcity of resources

Option 2: curb inflation

Option 3: reduce unemployment

Option 4: All of the above