CUET CUET Economics 2024 - If there is no government and no foreign trade, then : | PYQs + Solutions | AfterBoards
Skip to main contentSkip to question navigationSkip to solution
IPMAT Indore Free Mocks Topic Tests

CUET Economics 2024 PYQs

View all CUET PYQs →
Collection of AfterBoards IPMAT JIPMAT Past Year Papers with Solutions

CUET Economics 2024

Economics
>
Income & Employment

Hard

If there is no government and no foreign trade, then :

Correct Option: 3
    \newline
  1. G + T = M - X > I -> means more imports than exports
    2. \newline
  2. G + T = M - X = I -> shows balance in trade
    3. \newline
  3. G - T = M - X = 0 -> implies no trade deficit -> balanced economy
    4. \newline
  4. G - T = M - X > I -> indicates higher exports -> surplus exists
Correct answer is option 3 -> no government and no foreign trade -> balanced economy with no trade deficit.

Related questions:

CUET Economics 2024

When there is unexpected rise in the sales

CUET Economics 2024

During festive season, the currency deposit ratio

CUET Economics 2024

Identify the correct set of statements

Keyboard Shortcuts

  • Left arrow: Previous question
  • Right arrow: Next question
  • S key: Jump to solution
  • Q key: Jump to question