Post Utme Economics Questions
Question 166:
When the rate of inflation increases ____________
- A Savings will increase
- B Income will increase
- C Savings will decrease
- D Prices will decrease
Question 167:
The tax imposed on goods manufactured within a country is called ____________
- A Value added tax
- B Capital gains tax
- C Excuse tax
- D Profit tax
Question 168:
One of the criticisms against delegated legislation is that it ____________
- A Gives too much power to all organs of government
- B Enhances separation of powers
- C Encroaches on parliamentary power
- D 1s not practised in advanced countries
Question 169:
Devaluation of the countrys currency is as a result of ____________
- A Forces of demand and supply
- B Offical policies of local economy
- C The economic meltdown
- D Foreign polices
Question 170:
The economic system which relies mainly on the pnce mechanism for the allocation of scarce resources is known as ____________
- A Capitalist economic system
- B Command economic system
- C Combined economic system
- D Traditional economic system