Economics Past Questions and Answers

To discourage the consumption of harmful commodities, government should tax such commodities if they have ____________

The formular used by the Expenditure approach to calculate National income is ____________

A producer who can only influence the price of his product but canNOT determine the quantity to be sold is referred to as ____________

Government expenditure on universal basic education and subsidy on agriculture are aimed at ____________

Which of the following measure will NOT serves as a control during inflation period?