Marx believed that the state would vanish when_____________?
Correct answer: C. social classes ceased to exist
- A. the elite would work toward the good of the masses
- B. the lion would lie down with the lamb
- C. social classes ceased to exist
- D. all societies became capitalist
Explanation
Marx viewed the state as an instrument of class domination, so it would become unnecessary after the abolition of social classes. Capitalism, by contrast, preserves class divisions rather than eliminating them.
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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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