Question

Which is a central problem of an economy?

• A. Allocation of resources
• B. Optimum utilization of resources
• C. Economic development
• D. All of these

Hint:

Economic problems are fundamental to understanding how resources are distributed and utilized in any system.

Answer 1

The Correct Option is D

In an economy, the central problems include the allocation of resources, optimum utilization of resources, and economic development. These factors are interdependent and crucial for a well-functioning economy.
Therefore, the correct answer is "All of these."