Public policy according to elitists tends to reflect______________?
Correct answer: B. the values of the elites
- A. the demands of the masses
- B. the values of the elites
- C. the ideals of the society
- D. the compromises necessary to temper ideals with reality
Explanation
Elitist theory holds that policy is shaped mainly by people who possess wealth, status, or political influence, so it reflects elite values rather than the demands of the masses.
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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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