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- Subject
- Basic of Economicseconomics-mcqs › basic-of-economics
- Published
- 26 May 2019
- Last updated
- 28 May 2026
Explanation
Option A refers to a budget shortfall, B relates to tax cuts, and C involves increased government expenses. Deflation specifically means a decline in the general price level, making it the reverse of inflation, which is captured by option D.
More Basic of Economics MCQs
Practice related questions from the same subject.
- 1.Under what condition can two nations benefit from engaging in international trade?
- 2.Which of the following represents a legitimate form of currency?
- 3.Which political ideology is best summarized by the phrase, "From each according to his ability, to each according to his needs"?
- 4.Which type of currency experiences a decline in its exchange rate due to a continuous balance of payments deficit?
- 5.What is the standard abbreviation used to denote barrels when measuring oil?
- 6.What does the term 'commercial policy' refer to?
- 7.Which German city is recognized for hosting the world's very first automobile factory?
- 8.What components are included in a country's balance of payments?
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