Economics · Public Finance
With reference to Public Debt, consider the following statements: 1. Public debt is used as a tool of development finance. 2. Public debt is considered the weakest weapon to fight depression and unemployment. 3. Modern wars are highly expensive and are almost impossible to be compensated entirely by taxation, making public debt very useful. Select the correct statements:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 12 and 3
- 21, 2 and 3
- 31 and 2
- 41 and 3✓
Correct answer
1 and 3
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