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Questions and Answers
Which of the following best describes public finance?
Which of the following best describes public finance?
- A branch of economics that studies consumer behavior
- A branch of economics that analyzes international trade
- A branch of economics that focuses on government revenues and expenditures (correct)
- A branch of economics that studies inflation and unemployment
Which of the following is an example of fiscal policy?
Which of the following is an example of fiscal policy?
- A government increasing taxes to reduce inflation
- A government regulating the financial sector to prevent a recession
- A government providing subsidies to farmers to address food security
- A government investing in infrastructure to stimulate economic growth (correct)
Which component of fiscal policy determines how the government gets its funds?
Which component of fiscal policy determines how the government gets its funds?
- Government revenue policy (correct)
- Monetary policy
- Government expenditures policy
- Debt management policy
Which component of fiscal policy determines how the government allocates its revenue among different uses?
Which component of fiscal policy determines how the government allocates its revenue among different uses?
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