The term "constitutional" is reserved to describe________________?
Correct answer: B. a government that operates in accordance with general rules and limitations
- A. a government that acts arbitrarily
- B. a government that operates in accordance with general rules and limitations
- C. an agreement or treaty in written form
- D. a government that is no subject to restraints on political power
Explanation
A constitutional government exercises power within established legal rules and limitations, protecting citizens from arbitrary action. An unrestricted government is the opposite of constitutional government.
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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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