{"@context":"https://schema.org/","@type":"Quiz","dateCreated":"2024-10-18T12:26:11.718Z","dateModified":"2026-04-02T12:07:41.427Z","typicalAgeRange":"11-18","educationalLevel":"CUET (UG)","assesses":"Economics - Business and Economy","educationalAlignment":[{"@type":"AlignmentObject","alignmentType":"educationalTopic","targetName":"Business and Economy"},{"@type":"AlignmentObject","alignmentType":"educationalSubject","targetName":"Economics"},{"@type":"AlignmentObject","alignmentType":"educationalExam","targetName":"CUET (UG)"}],"name":"Quiz about Business and Economy","about":{"@type":"Thing","name":"Economics - Business and Economy"},"hasPart":[{"@type":"Question","eduQuestionType":"Multiple choice","learningResourceType":"Practice problem","educationalLevel":"intermediate","name":"Question About Business and Economy","text":"The problem of choice arises from:}","encodingFormat":"text/markdown","comment":{"@type":"Comment","text":"\"\""},"suggestedAnswer":[{"@type":"Answer","position":0,"encodingFormat":"text/markdown","text":"

Abundance

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Scarcity

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":2,"encodingFormat":"text/markdown","text":"

Competing usages

","comment":{"@type":"Comment","text":"\"\""}},{"@type":"Answer","position":3,"encodingFormat":"text/markdown","text":"

Economic activities

","comment":{"@type":"Comment","text":"\"\""}}],"acceptedAnswer":{"@type":"Answer","position":1,"encodingFormat":"text/markdown","text":"

Scarcity

","comment":{"@type":"Comment","text":"\"\""},"answerExplanation":{"@type":"comment","text":"The correct option is (B) :Scarcity"}}}]}

The problem of choice arises from:

The Correct Option is B

Solution and Explanation

Top Questions on Business and Economy

Questions Asked in CUET (UG) exam