Single Answer MCQ
Q-00045405
What role does taxation play in funding the public sector?
1
Taxes are used for private profit
2
Tax revenues fund public services
3
Taxation decreases government expenditure
4
Taxation only benefits large companies
Answer and Solution
Answer
B. Tax revenues fund public services
Solution:
The correct answer is 'Tax revenues fund public services' as the government collects taxes to finance its operations and provide essential services.
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