The most important characteristic of money is
Portability
Intrinsic value
Acceptability
Usefulness
Beauty
Correct answer is C
No explanation has been provided for this answer.
Tax incidence is the analysis of
How progressive a tax is
How a tax is collected
How distorting a tax is
Who ultimately pays the tax
Correct answer is D
No explanation has been provided for this answer.
The best technical description of a progressive tax is a
Tax which takes more money from the rich than from the poor
More equitable tax than aggressive one
Tax which takes a higher proportion of extra naira received as income rises
Tax which falls directly on those in the high income brackets
Correct answer is C
No explanation has been provided for this answer.
Which of the following is NOT a goal of modern budgets?
The control of inflation
The reduction in income inequality
The shift of all resources from the private to the public sector
Economic development
Correct answer is C
No explanation has been provided for this answer.
Which of the following causes of inflation is related to demand-pull inflation?
Low productivity on farms and in firms
Poor storage facilities
Poor distribution system
Increase in expenditure on construction
Correct answer is A
No explanation has been provided for this answer.