Answer:
B. rises as economy expands, falls as economy contracts.
Explanation:
Deficit is the excess of government expenditures over government revenues.
Cyclical Deficit is interconnected to the Business Cycle phases of : Expansion, Peak, Recession, Depression, Trough, Recovery.
During growth stages of Business Cycle: Expansion or Recovery - this deficit falls because; there is more economic/ business activity & so more taxes receipts for govt & less govt expenditure on social support transfer payments (eg subsidies) to support public.
During declining stages: Recession or Depression - this deficit rises because; there is less economic/ business activity & so less taxes receipts for govt & more govt expenditure on social support transfer payments (eg subsidies) to support public.
When history of management is traced back ?
A 5000Bc
B 2900 Bc ✔
C 5100Bc
D 6100Bc
D. None of these.
Keyword should be the answer but it is not one of the options.
Answer:
Price - increase
Domestic production- increase
Import- reduces
Producer surplus- increase
Explanation:
A tariff is a form of tax on import or export.
When a tariff is imposed on a good , the price of the good increases.
As a result of the tariff , the amount of the goods imported falls as the imported good is now more expensive. The quantity produced by domestic producers increases as consumers would now start demanding for the domestic good. Tariffs are sometimes enacted to discourage importation and encourage domestic production.
As a result of the price increase, producer surplus increases. The increase in price also increases output. The producer surplus is the difference between the price of a product and the least amount the producer is willing to sell his product.
I hope my answer helps you.
