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
Correct Answer: For whom to produce
Solution : The correct answer is (b) For whom to produce. The theory of distribution is concerned with how the output of an economy is distributed among different people. This includes the distribution of income, wealth, and goods and services.
The problem of "for whom to produce" is concerned with who will benefit from the output of an economy, and how much they will get. This is a complex problem, as it involves factors such as income inequality, social justice, and economic efficiency.
Question : The fundamental or central economic problem of every society is
Option 2: How to produce
Option 3: For whom to produce
Option 4: All of the above
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 : It involves deciding the final combination of goods and services to be produced. Which economic problem is highlighted here?
Option 1: What to produce.
Option 3: For whome to produce
Option 4: None of the above.
Question : Following are the central problems of an economy:
Question : It involves selection of the category of people who will ultimately consume the goods.
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