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WAEC Economics 2018 Question 38

Question 38

Public Finance

Income is redistributed when the rich are progressively taxed and

  1. A.more private schools are established.
  2. B.subsidy is provided on petroleum products.
  3. C.more public goods are provided.
  4. D.farmers are given guaranteed prices.
Show the answer and explanation

Answer: C (more public goods are provided.)

Explanation

Taxes from the rich pay for public goods that everyone, including the poor, enjoys.