Which of the following is identified with the elitist view _____________?
Correct answer: D. BOTH Mills and Marx
- A. C.Wright Mills
- B. Karl Marx
- C. Paul Samuelson
- D. BOTH Mills and Marx
Explanation
C. Wright Mills is directly associated with modern elite theory, while Marx explained political power through the dominance of a ruling economic class. Both therefore support an analysis centred on concentrated power rather than equal influence.
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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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