Constitutions are________________?
Correct answer: B. intended to limit governmental power
- A. always written
- B. intended to limit governmental power
- C. meant to establish the rule of men
- D. blueprints for monarchies
Explanation
Constitutions set the basic rules of government and are primarily intended to restrain public power through legal limits and institutional checks. They therefore establish the rule of law, not the rule of individual rulers.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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