The situation whereby the government of a country spends ...
The situation whereby the government of a country spends more than its budgets for a given financial year is known as
Surplus budget
Deficit budget
Balanced budget
Minus budget
Correct answer is B
Deficit budget is a situation whereby government revenue is less than government expenditure.
Technical progress that leads to a reduction in costs results in ...
One of the internal economies of large scale production is ...
When a generalization is made based on observed facts, it is known as ...
Which of the following is an important function of prices in a market economy? ...
An economy which exhibits features of both private and State enterprises is known as ...
The expression of cost in terms of alternative forgone is referred to as ____? ...
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