Home→ Agricultural economics →The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

The body of knowledge and techniques which can be used to produce goods and service from economic resources is__________?
A tax imposed by a nation on an imported good is called__________?
Nominal income adjusted for inflation__________?
The branch of economics which analyze govt. revenues and expenditures is__________?
A legally determined price above the equilibrium price is__________?
The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is__________?
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called__________?
A condition when there is excessive produce in the market which lowers down the price is called__________?
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run__________?
An increase either in real output (GDP) or in real output per capita is called__________?
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
Power of a good/ service to satisfy human desire/want is called__________?
All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
Total money income received by the individual or recipients of income is called__________?
“Economics is the study of causes of material welfare” was defined by__________?

The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None

Correct Answer: Trade deficit ✔

Last Updated: March 28, 2019