1. Provision of public goods |
2. Provision of merit goods |
3. Poverty reduction |
A) 1 only
B) 2 only
C) 3 only
D) 1, 2 and 3
Correct Answer: D
Solution :
Provision of public goods like defense which no private agency can be entrusted with. Provision of merit goods - goods like education and housing - through policies which encourage the consumption of such goods and discourage the use of non-merit goods like cigarettes. Poverty reduction is considered a prime responsibility of all modern governments, as the market caters to the needs of only those who can afford to pay, not of the poor.You need to login to perform this action.
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