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…
CUET UG 2022 — Economics Micro
2022mcqeasy
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:
Official previous-year question
Verified 13 Jul 2026.
Options
- A
A-III, B-II, C-I, D-IV
- B
A-III, B-IV, C-I, D-II
- C
A-III, B-IV, C-II, D-I
- D
A-IV, B-III, C-II, D-I
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