The view that nationalism would wither away was held by_________________?
Correct answer: B. Marxists
- A. classical liberals
- B. Marxists
- C. stoic philosophers like Marcus Aurelius
- D. all of the above
Explanation
Marxists expected nationalism to decline as class consciousness and international worker solidarity became more important. Classical liberals generally supported national self-determination rather than holding that nationalism would necessarily wither away.
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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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