Economics · Public Finance
Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R): Assertion (A): The theory of social goods provides a rationale for the allocation function of budgetary policy. Reason (R): Social goods are non-rival in consumption and their benefits are available to everyone, making them crucial for maximizing social advantage. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A✓
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct
Correct answer
Both A and R are correct and R is the correct explanation of A
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