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Economic problem arises due to plenty of...

Economic problem arises due to plenty of resources.

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False: Economic problem arises due to scarcity of resources and alternative uses of various means.
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FULL MARKS-INTRODUCTION TO ECONOMICS -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Consider the following statement- An economy always manages to meet al...

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  2. In the context of an economy when we talk about 'scarcity', we refer t...

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  3. Economic problem arises due to plenty of resources.

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  4. Because of destruction caused by war, a country's PPF will shift to th...

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  5. A job guarantee scheme will lead to a rightward shift of PPF.

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  6. If a PPF shifts to the right, the new PPF will be parallel to the orig...

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  7. A 'production Possibility Frontier' (PPF) is always represented as a ...

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  8. If the economy operates inside PPC, it shows full utilisation of resou...

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  9. Growth of resources shifts PPC towards left.

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  10. PPC is concave shaped as production of one good can be increased only ...

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  11. Economy can never operate outside PPC with the given resources and tec...

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  12. Economy always operates on PPC.

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  13. Define Marginal Opportunity cost.

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  14. How does Maruti Udyog Ltd. Fix the prices of its cars, is it studied i...

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  15. Whether the cotton textile industry is an example of micro or macroeco...

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  16. "Scarcity and choice go all together" Defend or refute.

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  17. "Only 'Scarce Goods' attract price." Comment.

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  18. A lot of people die and many factories are destroyed due to floods in ...

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  19. Massive unemployment will shift PPC to the left. Defend or refute.

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  20. A country's resources are fully and efficiently employed. The problem...

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