Ayushi Asked a Question
August 13, 2020 11:30 pmpts 30 pts
31. According to Dalton, the total social advantage becomes maximum when taxation and expenditure are carried to a point where (1) Marginal Social Sacrifice (MSS) > Marginal Social Benefits (MSB) (2) Marginal Social Sacrifice (MSS) < Marginal Social Benefits (MSB) (3) Marginal Social Sacrifice (MSs) = Marginal Social Benefits (MSB) (4) None of the above
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  • Nidhi taparia Best Answer
    The correct answer is (3). Dalton, one of the most famous public finance economists of all time, propounded the principle of public finance or principle of maximum social advantage...
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