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Economics Past Questions and Answers

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Economics Questions

Question 826:

Which of the following is NOT a goal of modern budgets?

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A The control of inflation
B The reduction in income inequality
C The shift of all resources from the private to the public sector
D Economic development

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Question 827:

The best technical description of a progressive tax is a?

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A Tax which takes more money from the rich than from the poor
B More equitable tax than aggressive one
C Tax which takes a higher proportion of extra naira received as income rises
D Tax which falls directly on those in the high income brackets

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Question 828:

Tax incidence is the analysis of?

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A How progressive a tax is
B How a tax is collected
C Hw distorting a tax is
D Who ultimately pays the tax

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Question 829:

In international trade, a country specializes in the production of a commodity or group of commodities for which it has?

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A A buoyant market
B Plenty of raw materials
C The greatest relative advantage
D Executive manpower

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Question 830:

Balance of payment deficit in Nigeria CANNOT be solved by

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A Importing more goods and services
B Devaluation of the currency
C Imposing import duties
D Imposing import bans on some commodities

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