Which one of the following is an optional function of Government?
A) defense
B) old age security
C) law and order
D) none of these
Correct Answer:
Verified
Q37: Which one of the following is the
Q38: The incidence of tax refers to:
A)the level
Q39: The theory of fiscal policy derives from
A)principle
Q40: The most important source of public revenue
Q41: Fiscal Federalism refers to
A)sharing of political power
Q43: Principle of sound finance refers to
A)maximum government
Q44: Private goods are characterized by
A)application of exclusion
Q45: Tax refers to
A)compulsory contribution
B)payment by the people
Q46: . Pump priming is
A)injection of purchasing power
Q47: Merit goods means
A)private goods
B)public goods
C)subsidized private goods
D)none
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