Scarcity gives rise to the problem of choice (III). Normative statements are based on value judgments (IV). Positive statements are based on facts (I). What to produce is a central problem of an economy (II). Hence A-III, B-IV, C-I, D-II.
Match List I with List II
| List I: Economic issue | List II: Refers to |
|---|---|
| A. Scarcity | I. Based on facts |
| B. Normative statement | II. Central problem of an economy |
| C. Positive statement | III. Problem of choice |
| D. What to produce | IV. Based on value judgment |
Choose the correct answer from the options given below:
Verified 13 Jul 2026.
A-III, B-II, C-I, D-IV
A-III, B-IV, C-I, D-II
A-III, B-IV, C-II, D-I
A-IV, B-III, C-II, D-I
Sign in to track your attempts and accuracy.
Sign in to keep a private note on this question. Nothing you write is ever public.
Marginal cost curve intersects average cost curve at ..........
What will be the shape of unitary elastic supply curve?
The relation between the consumer's optimal choice of the quantity of a good and its price is called ?
According to the law of variable proportions. Which among the the following option is correct?
The book 'An Enquiry into the Nature and Cause of the Wealth of Nations' was published in which of the following year.
Work through every CUET UG Micro PYQ, year by year.