Match the following concepts of public finance with their descriptions:
| LIST-I | LIST-II |
|---|---|
| A. Public Goods | I. Goods that are non-rivalrous and non-excludable in consumption, and are usually provided by the state. |
| B. Laffer Curve | II. Represents the relationship between tax rates and tax revenue. |
| C. Fiscal Policy | III. Government policy related to taxation and spending to influence the economy. |
| D. Externalities | IV. Occur when the actions of individuals or firms have unintended effects on third parties. |
1
A - IV, B - III, C - I, D - II
2
A - III, B - II, C - IV, D - I
3
A - II, B - I, C - IV, D - III
4
A - I, B - II, C - III, D - IV