Question : Which of the following central problems of an economy deals with the distribution of income?

Option 1: What to produce?

Option 2: How to produce?

Option 3: For whom to produce?

Option 4: None of the above 

Question : The fundamental or central economic problem of every society is

Option 1: What to produce

Option 2: How to produce

Option 3: For whom to produce

Option 4: All of the above

Question : In a free-enterprise economy, the question of what, how and for whom to produce are solved by

Option 1: The price mechanism

Option 2: A planning forum

Option 3: The elected representatives of the people

Option 4: None of the above

Question : Which economic problem involves the theory of distribution

Option 1: What to produce

Option 2: For whom to produce

Option 3: How to produce

Option 4: None

Question : Assertion (A): Central problems of an economy are called central problems.
Reason (R): It is because these are the most basic problems of an economy and all other problems revolve around them.

Option 1: A and R are correct and R is the correct explanation of A.

Option 2: A and R are correct and R is not the correct explanation of A.

Option 3: A is true but R is false.

Option 4: A is false but R is true.