In his classic treatise on public finance,Richard Musgrave says the economic activities of the state can be broken down into _____.

Question

Quizplus · Accepted Answer

Richard Musgrave identified three main economic activities of the state as allocation, distribution, and stabilization. Allocation refers to the allocation of resources among different uses and sectors, distribution involves the distribution of income and wealth, and stabilization involves the management of economic cycles and maintaining steady economic growth. The answer choice B accurately lists these three activities as identified by Musgrave.

In His Classic Treatise on Public Finance,Richard Musgrave Says the Economic