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 : Scarcity and ______ go together.

Option 1: Choice

Option 2: Available resources

Option 3: Non-renewable resources

Option 4: All of the above

Question : Difference between resources and human wants

Option 1: Resources are scarce but human wants are unlimited

Option 2: Resources have alternative uses and human wants differ in priorities

Option 3: Both 1 and 2

Option 4: None of these

Question : Which of the following is importance of organizing?

Option 1: Developing discipline

Option 2: Developing leadership

Option 3: Optimum utilization of resources.

Option 4: All of the above.

Question : Economics is all about making choices in the presence of ________.

Option 1: Scarcity

Option 2: Unlimited resources

Option 3: Limited resources

Option 4: All of the above