Theories of Employment and Income — Economics STD 12 — Question

………………………. leads to a higher quality of living all other thing being equal.

(i) The relationship between the economy and the environment is generally explained in the form of a “Material Balance Model”.
(ii) This model developed by Alenkneese and R.V. Ayres.

(i) The difference between Revenue expenditure and Revenue Receipt is Revenue deficit.
(ii) The primary purpose of deficit financing is Economic Development.

In a socialist economy, all decisions regarding production and distribution are taken by

Assertion (A): Bank is service institution.
Reason (R): Commercial Bank is an institutions that provides accepting deposits and providing loans to the public.

The multiplier tells us …………………………. changes after a shift in ……………………

Match the following :
A. NSSO – (i) 1999
B. MOSPI – (ii) 1877
C. Francis Galton – (iii) 1890 – 1962
D. R.A. Fisher – (iv) 1950

Acid rain is one of the consequences of …………………….. pollution.

Effective demand signifies the money spent on consumption of goods and services and on –

Foreign trade increases worker’s welfare atleast ……………………….. ways.