"My country right or wrong" is an example of_______________?
Correct answer: A. nationalism
- A. nationalism
- B. legal-rational thinking
- C. an internationalist world view
- D. a reasoned approach to detente
Explanation
The slogan places unquestioning loyalty to one's own country above criticism or international considerations, which is characteristic of nationalism.
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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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