PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2011

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16.

Public finance is the field of economics :

A: That considers strategic interactions between agents ;
B: That deals with budgeting the revenues and expenditures of a public sector entity, usually government;
C: That applies microeconomic analysis to specific decisions in business firms;
D: That treats households and firms to describe how well a system generates desired output.

The answer is: B

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