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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): The problem of what to produce is related to the scarcity of resources.
Reason (R): Human wants are unlimited, but the resources are scarce.
- a)Assertion (A) is false, but Reason (R) is true.
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false .
- d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
Correct answer is option 'D'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) ...
The correct answer is:
d) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
Explanation:
Assertion (A): The problem of "what to produce" is indeed related to the scarcity of resources because economies must make choices about which goods and services to produce with the limited resources available.
Reason (R): Human wants are unlimited, but resources are scarce, which correctly explains the problem described in the assertion. Due to scarcity, economies cannot produce everything people want, and they must prioritize and allocate resources efficiently.
Thus, Reason (R) accurately explains Assertion (A).
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Directions : In the following questions, a statement of Assertion (A) ...
Assertion (A): The problem of what to produce is related to the scarcity of resources.
Reason (R): Human wants are limited but the resources are scarce.
The correct answer is option 'D': Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
Explanation:
The problem of what to produce arises due to the scarcity of resources. Let's break down the assertion and reason to understand why option 'D' is the correct answer.
Scarcity of Resources:
- Scarcity refers to the limited availability of resources in relation to the unlimited human wants.
- Resources are the inputs used in the production of goods and services.
- These resources can be classified into four categories: land, labor, capital, and entrepreneurship.
- Since resources are limited, there is always a scarcity or shortage of resources in relation to the unlimited wants of individuals and society as a whole.
- Scarcity creates the problem of choice, as individuals and societies need to decide what to produce with the limited resources available.
Human Wants:
- Human wants refer to the desires and needs of individuals and society.
- Wants are unlimited in nature, meaning that there is no end to the desires and needs of people.
- People always want more and better goods and services to satisfy their needs and lead a comfortable life.
- However, these unlimited wants cannot be fulfilled due to the scarcity of resources.
Explanation of Assertion and Reason:
- The assertion states that the problem of what to produce is related to the scarcity of resources. This is true because when resources are limited, there is a need to prioritize and decide what goods and services should be produced to satisfy the most pressing needs and wants.
- The reason states that human wants are limited but the resources are scarce. This is also true because although human wants are unlimited, the resources available to fulfill these wants are limited.
- The reason explains the cause and effect relationship between the scarcity of resources and the problem of what to produce. It clarifies why the problem of what to produce arises in the first place.
Conclusion:
In conclusion, both the assertion and reason are true, and the reason correctly explains the assertion. The scarcity of resources leads to the problem of what to produce as human wants are unlimited but the resources available to fulfill those wants are scarce. Therefore, option 'D' is the correct answer.
Reason (R): Human wants are limited but the resources are scarce.
The correct answer is option 'D': Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
Explanation:
The problem of what to produce arises due to the scarcity of resources. Let's break down the assertion and reason to understand why option 'D' is the correct answer.
Scarcity of Resources:
- Scarcity refers to the limited availability of resources in relation to the unlimited human wants.
- Resources are the inputs used in the production of goods and services.
- These resources can be classified into four categories: land, labor, capital, and entrepreneurship.
- Since resources are limited, there is always a scarcity or shortage of resources in relation to the unlimited wants of individuals and society as a whole.
- Scarcity creates the problem of choice, as individuals and societies need to decide what to produce with the limited resources available.
Human Wants:
- Human wants refer to the desires and needs of individuals and society.
- Wants are unlimited in nature, meaning that there is no end to the desires and needs of people.
- People always want more and better goods and services to satisfy their needs and lead a comfortable life.
- However, these unlimited wants cannot be fulfilled due to the scarcity of resources.
Explanation of Assertion and Reason:
- The assertion states that the problem of what to produce is related to the scarcity of resources. This is true because when resources are limited, there is a need to prioritize and decide what goods and services should be produced to satisfy the most pressing needs and wants.
- The reason states that human wants are limited but the resources are scarce. This is also true because although human wants are unlimited, the resources available to fulfill these wants are limited.
- The reason explains the cause and effect relationship between the scarcity of resources and the problem of what to produce. It clarifies why the problem of what to produce arises in the first place.
Conclusion:
In conclusion, both the assertion and reason are true, and the reason correctly explains the assertion. The scarcity of resources leads to the problem of what to produce as human wants are unlimited but the resources available to fulfill those wants are scarce. Therefore, option 'D' is the correct answer.
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Directions : In the following questions, a statement of Assertion (A) ...
AFalse R true
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer?.
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer?.
Solutions for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): The problem of what to produce is related to the scarcity of resources.Reason (R): Human wants are unlimited, but the resources are scarce.a)Assertion (A) is false, but Reason (R) is true.b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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