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JAMB Economics 1989 Question 36

Question 36

Public Finance

The main objectives of public expenditure does NOT include

  1. A.stabilization of national economy
  2. B.achievement of a more equitable income distribution
  3. C.meeting the social needs of the people
  4. D.revenue sharing and profit maximization.
Show the answer and explanation

Answer: D (revenue sharing and profit maximization.)

Explanation

Public spending aims at stability, fairness and social welfare; profit maximization is a private-firm goal.