According to Musgrave the Major Functions of Public Finance Is

question 33

Multiple Choice

According to Musgrave the major functions of public finance is:

• A)allocative function
• B)distributive function
• C)stabilisation function
• D)all the above

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Definitions:

Reasonable Opportunity

A fair and adequate chance given to a party to perform an action or fulfill a condition within legal or contractual obligations.

Destination Contract

A contract specifying that the sale of goods will be completed upon their arrival at a specified location.

F.O.B. City

Refers to "Free on Board" at a certain city, indicating that the seller is responsible for the goods until they are loaded onto a transport vehicle at a specified location.

Express Warranty

An explicit guarantee by a seller regarding the condition, quality, or performance of a product or service.