Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Theory of social goods provides rationale for the allocation functions of the budgetary policy. Reason R: There are certain goods which are non-rival and these are important for maximizing social advantage. In the light of the above statements, choose the most appropriate answer from the options given below:
Tap an option to check your answer.
Checking your account…
Role of the state and public goods has come up 10 times in 3 exams since 2013.
This question is on Merit goods, social goods and public provision, part of Role of the state and public goods in Public Economics.
Goods the state provides or promotes beyond what markets would, and the reasons given.
TestStop has 4 past-paper questions on this subtopic.
Question from the CUET-PG 2022 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.