Maximum welfare principal of budget determination was propounded by?
a. Hugh Dalton
b. Adam Smith
c. David Ricardo
d. R. Musgrave
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Explanation:
Richard Musgrave
The principle of Maximum Social Advantage has been interpreted by economist Richard Musgrave who termed it as Maximum Welfare Principle of Budget Determination
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Answer:
Maximum welfare principal of budget determination was propounded by?
C) R. Musgrave
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