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Thursday, 02 April 2026
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Economics Past Questions and Answers

Economics Questions

Question 4206:
In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on ____________
  • A Textile materials with elastic demand
  • B Alcoholic beverages with inelastic demand
  • C Agricultural products with inelastic supply
  • D Luxury goods with elastic supply
View Answer & Explanation
Question 4207:
People who dispose of their assets are expected to pay ____________
  • A Value added tax
  • B Capital gains tax
  • C Expenditure tax
  • D Sales tax
View Answer & Explanation
Question 4208:
A floating exchange rate means that the exchange rate is fixed by the ____________
  • A Central bank of the country
  • B Forces of demand and supply
  • C International monetary fund (IMF)
  • D Ministry of Finance
View Answer & Explanation
Question 4209:
A measure that can be adopted to correct a country 's balance of payments deficit is ____________
  • A Allow the currency to appreciate to encourage imports.
  • B Allow the currency to depreciate to encourage imports
  • C Adopt import substitution strategy
  • D Restrict trade with all countries
View Answer & Explanation
Question 4210:
Records of a country's invisible trade are recorded in her ____________
  • A Trade account.
  • B Capital account.
  • C Current account
  • D Financial account.
View Answer & Explanation