Public Finance Study

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Questions and Answers

What is the main focus of public finance as described in the text?

  • Exploring the impact of social media on government policies
  • Analyzing the stock market fluctuations
  • Investigating the impact of climate change on public sectors
  • Studying the revenue, expenditure, and debt operations of the government (correct)

Why is government intervention in the economy considered necessary according to the text?

  • To ensure free market competition
  • To increase inflation rates
  • To address market failures like resource allocation and income distribution (correct)
  • To reduce government control over public services

What are Public Goods and Merit Goods mentioned in the text examples of?

  • Goods that require government intervention due to market failures (correct)
  • Goods with low demand
  • Luxury goods
  • Market-driven goods

Which of the following is NOT a component of public finance according to the text?

<p>Stock market investments (C)</p> Signup and view all the answers

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