In Economics, the central economic problem means:
Select Your Answer (Keyboard: A, B, C, D)
For any discrepancies in this question, email contact@cadada.in
Introduction to Business EconomicsMCQMODULEQuestion 760 of 313
All Questions Correct Answer
✅ Option a — Output is restricted to the limited availability of resources
All Options:
- AOutput is restricted to the limited availability of resources
- BConsumer do not have as much money as they would wish
- CThere will always be certain level of unemployment
- DResources are not allocated in an optimum way
Detailed Solution & Explanation
MODULE
About This Chapter: Introduction to Business Economics
Paper
Paper 4: Business Economics
Weightage
5%
Key Topics
Meaning, Scope, Price Mechanism
This chapter lays the groundwork for understanding Business Economics as a discipline. It covers the meaning, scope, and nature of economics — including key distinctions like Microeconomics vs Macroeconomics, Positive vs Normative economics, and the fundamental economic problem of scarcity. Students learn how businesses use economic principles for decision-making in a competitive marketplace.
View Official ICAI SyllabusExam Strategy Tip
Focus on definitions and distinctions between concepts. Questions often test whether you understand the difference between Micro and Macro, or Positive and Normative statements.
Related Comparison Tables
More Questions from Introduction to Business Economics
Which of the following is not a demerit of Capitalism?
The greater the inequalities in the distribution of money incomes, the ______ the inequalities in the distribution of national output.
Economics is a branch of _____ focused on the production, distribution and consumption of goods and services.
When we study why saving rates are high or low, we are studying:
A study of how increases in the corporate income tax rate will affect the nation unemployment rate is an example of
A study of how increases in the corporate income tax rate will affect the nation unemployment rate is an example of
Ready to Master Introduction to Business Economics?
Practice all 313 questions with instant feedback, earn XP, track your streaks, and ace your CA Foundation exam.
Start Practicing — It's Free