Economics · Role of Public Sector
Read the statements carefully: Statement (I): The government invests in basic health and education because the private sector may not provide these services at affordable rates for all. Statement (II): Public investment in health and education is considered a essential social obligation of the state. Select the correct option:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement (I) is false but Statement (II) is true
- 2Statement (I) is true but Statement (II) is false
- 3Both Statement (I) and Statement (II) are false
- 4Both Statement (I) and Statement (II) are true✓
Correct answer
Both Statement (I) and Statement (II) are true
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