Public government agencies are________________?
Correct answer: D. central authorities
- A. firms
- B. households
- C. markets
- D. central authorities
Explanation
Public government agencies exercise authority on behalf of the state and are therefore classified as central authorities in the economic system. They are not firms, households or markets.
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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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369 free Public Finance MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
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