Question

1. Which is a central problem of an economy?
(A) Allocation of Resources
(B) Optimum utilization of Resources
(C) Economic development D All of these
of production​

Answer 1

Answer:

alocation of resources

Explanation:

The allocation of scares resources and the distribution of the final goods and services are the central problem of the economy. The Reason behind these central problems is the compulsion of making choices among alternative uses of scarce resources to get maximum satisfaction.

Answer 2

Explanation:

option (c)economic development