Asked by Cedrick Ceballos on May 21, 2024
Verified
Public finance is the subdiscipline of economics that studies the various ways in which
A) the general public acquire financing for their purchases.
B) governments raise and expend money.
C) firms in the financial sector provide services to households and firms.
D) governments may regulate and promote the stability of the financial sector.
Public Finance
The study of government revenue (taxation) and government expenditure policies and their impact on the economy.
Expend Money
The act of using or spending money for the purchase of goods, services, or other financial obligations.
- Gain insight into the key concepts and repercussions of public finance, which covers areas such as taxation, state spending, and fiscal borrowing.
Verified Answer
SB
Sadie BuchananMay 27, 2024
Final Answer :
B
Explanation :
Public finance specifically focuses on how governments manage their income and expenditures, including methods of raising revenue (through taxes, borrowing, etc.) and how that revenue is spent (on public services, infrastructure, etc.).
Learning Objectives
- Gain insight into the key concepts and repercussions of public finance, which covers areas such as taxation, state spending, and fiscal borrowing.