Question

Limitations of principle
(A) Unrealistic assumptions
(B) Contra-cyclical measures
(C) It ignores non-tax revenues
(D) All of the above
15. Limitations of the principle
(A) Government expenditure susceptible to misuse
(B) Equi-marginal principle not applicable to public expenditure
(C) Both of the above
(D) Neither (A) and (B)​

Answer 1

Answer:

all of the above. neither a and b

Answer 2

Answer:

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