The fundamental choices that a society must make about the use of its resources include:

A. How much to produce

B. How to produce

C. How to distribute

D. All of the above

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Cartel is associated with:
  2. The long run total cost is attained by:
  3. If the demand curve is inelastic then:
  4. In the case of superior (normal) commodity, the income elasticity of demand is:
  5. Indifference curve represents:
  6. The proportional demand curve in monopolistic competition (also in kinked demand curve model), is like…
  7. Which of the following formula determine the income elasticity of demand?:
  8. Efficient allocation of resources is likely to be achieved under:
  9. Which of the following is assumed to be constant when a supply curve is drawn:
  10. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  11. The situation in between the extremes of the govt. controlled, planned economy and the perfectly free,…
  12. In case of monopoly, when total revenue is maximum:
  13. When a competitive firm is in equilibrium in the long-run, its output is such that:
  14. Scarcity means:
  15. The elasticity of demand is equal to slope of demand function divided by:
  16. The budget constraint equation of the firm is:
  17. An individual consumers demand is not determined by:
  18. Which of the following does not have a uniform elasticity of demand at all points?
  19. The firms in non-cooperative games:
  20. If the production increases under decreasing returns to scale, the cost will:
  21. The demand curve of giffen goods will be:
  22. Which of the following is not a feature of isoproduct curves?
  23. Increase in demand occurs when:
  24. Who formulated the Post-Keynsian Theory of Distribution and Growth?
  25. Extension (expansion) and contraction of demand are result of:
  26. If the increase in demand is more than the increase in supply, the price will:
  27. The factors of production in perfect competition are:
  28. Which of the following oligopoly models is concerned with the maximization of joint profits?
  29. The demand curve of a firm in monopolistic competition is:
  30. If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then…