Private goods are characterized by
A) application of exclusion principle
B) rivalry in consumption
C) payment of prices
D) all the above
Correct Answer:
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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
Q42: Which one of the following is an
Q43: Principle of sound finance refers to
A)maximum government
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
Q48: The most important aim of fiscal policy
Q49: The income of the government through all
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