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What is the main focus of public finance as described in the text?
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?
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?
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?
Which of the following is NOT a component of public finance according to the text?
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