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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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.
Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
- 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)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Directions : In the following questions, a statement of Assertion (A)...
The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.
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Directions : In the following questions, a statement of Assertion (A)...
Explanation:
Assertion (A) and Reason (R) are both true in this case. However, the reason provided does not directly explain the assertion. Here is an explanation to support this answer:
Assertion (A) is true:
- The basic problem of for whom to produce can indeed be solved with the help of the needs and desires of humans. This is because the production of goods and services in an economy is ultimately driven by the demand from consumers. Understanding the needs and desires of the target market helps producers determine for whom to produce.
Reason (R) is true:
- It is also true that there are three basic economic problems in an economy: what to produce, how to produce, and for whom to produce. These problems are fundamental to the functioning of an economy and need to be addressed in order to allocate resources efficiently.
Conclusion:
- While both the assertion and reason are true, the reason provided does not directly explain the assertion. The needs and desires of humans are essential in determining for whom to produce, but this is not explicitly mentioned in the reason. Therefore, the correct answer is option 'B' - Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) and Reason (R) are both true in this case. However, the reason provided does not directly explain the assertion. Here is an explanation to support this answer:
Assertion (A) is true:
- The basic problem of for whom to produce can indeed be solved with the help of the needs and desires of humans. This is because the production of goods and services in an economy is ultimately driven by the demand from consumers. Understanding the needs and desires of the target market helps producers determine for whom to produce.
Reason (R) is true:
- It is also true that there are three basic economic problems in an economy: what to produce, how to produce, and for whom to produce. These problems are fundamental to the functioning of an economy and need to be addressed in order to allocate resources efficiently.
Conclusion:
- While both the assertion and reason are true, the reason provided does not directly explain the assertion. The needs and desires of humans are essential in determining for whom to produce, but this is not explicitly mentioned in the reason. Therefore, the correct answer is option 'B' - Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
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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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer?, a detailed solution 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice 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 basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).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)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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