Question : What is the difference between a balanced budget and a surplus budget?

Option 1: A balanced budget has equal spending and revenue, while a surplus budget has more revenue than spending

Option 2: A balanced budget has more spending than revenue, while a surplus budget has equal spending and revenue

Option 3: A balanced budget has more revenue than spending, while a surplus budget has equal spending and revenue

Option 4: A balanced budget has equal spending and revenue, while a surplus budget has more spending than revenue

Question : What is a government surplus?

Option 1: When government revenue is greater than government spending

Option 2: When government revenue is less than government spending

Option 3: When government revenue is equal to government spending

Option 4: When government revenue is zero

Question : The "revenue surplus" in the government budget refers to a situation where:

Option 1: Total revenue is greater than total expenditure

Option 2: Total revenue is equal to total expenditure

Option 3: Total revenue is less than total expenditure

Option 4: Total revenue exceeds total non-tax revenue

Question : The marginal revenue of a monopolist is 

Option 1: more than price .

Option 2: equal to price .

Option 3: less than  price .

Option 4: less than marginal cost .

Question : What is the difference between a balanced budget and a deficit budget?

Option 1: A balanced budget spends as much as it earns, while a deficit budget spends more than it earns

Option 2: A balanced budget earns as much as it spends, while a deficit budget spends more than it earns

Option 3: A balanced budget spends more than it earns, while a deficit budget earns more than it spends

Option 4: A balanced budget earns more than it spends, while a deficit budget spends as much as it earns