Surplus budget is recommended during (1) Boom (2) Depression (3) Famines (4) War

Surplus budget is recommended during (1) Boom (2) Depression (3) Famines (4) War
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(2) Depression Explanation: Surplus budget is a budget in which government receipts arc greater than government expenditures. Such a budget is desired when the economy is battling inflation due to excess aggregate demand (AD). Surplus budget plugs the inflationary gap by lowering the level of aggregate demand. AD is lowered on account of (i) rise in revenue collection by the government and (ii) fall in government expenditure.
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A currency having a falling exchange rate due to continuing balance of payments deficit is called a (1) Soft currency (2) Hard currency (3) Scarce currency (4) Surplus currency

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The functional relationship between income and consumption expenditure is explained by (1) Consumer’ Surplus (2) Law of Demand (3) Law of Supply (4) Keynes’s psychological law of consumption

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Consumer’s surplus is the highest in the case of: (1) durable goods (2) luxuries (3) comforts (4) necessities

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The expenses on advertising is called (1) Implicit cost (2) Surplus cost (3) Fixed cost (4) Selling cost

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Last Answer : Selling cost

The difference between the price the consumer is prepared to pay for a commodity and the price which he actually pays is called (1) Consumer’s Surplus (2) Producer’s Surplus (3) Landlord’s Surplus (4) Worker’s Surplus

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Last Answer : Consumer’s Surplus

The excess of price a person is to pay rather than forego the consumption of the commodity is called (1) Price (2) Profit (3) Producers’ surplus (4) Consumer’s surplus

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Last Answer : Producers’ surplus

Labour Intensive Technique would get chosen in a (1) Labour Surplus Economy (2) Capital Surplus Economy (3) Developed Economy (4) Developing Economy

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Last Answer : Labour Surplus Economy

Surplus earned by a factor other than land in the short period of referred to as (1) economic rent (2) net rent (3) quasi-rent (4) super-normal rent

Description : Surplus earned by a factor other than land in the short period of referred to as (1) economic rent (2) net rent (3) quasi-rent (4) super-normal rent

Last Answer : quasi-rent

Operating Surplus arises in the (1) Government Sector (2) Production for self-consumption (3) Subsistence farming (4) Enterprise Sector

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Last Answer :  Government Sector

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Description : What was not a result of the baby boom that followed war world 2?

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Description : What accounted for the boom in the cattle industry after the civil war?

Last Answer : What is the answer ?

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Last Answer :  1929-34

Why did boom towns spring up during the Gold Rush?

Description : Why did boom towns spring up during the Gold Rush?

Last Answer : Need answer

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