by Sunday | May 25 | Economics WAEC
A. a favourable balance of trade exists B. an unfavourable balance of payment exists C. the net foreign trade is zero D. inflation occurs Correct Answer: Option A A. a favourable balance of trade exists
by Sunday | May 25 | Economics WAEC
A. Alfred Marshal B. Adam Smith C. David Ricardo D. J. B. Say Correct Answer: Option C C. David Ricardo
by Sunday | May 25 | Economics WAEC
A. licenses B. rents C. royalties D. taxes Correct Answer: Option D D. taxes
by Sunday | May 25 | Economics WAEC
A. progressive B. regressive C. proportional D. ad-valorem Correct Answer: Option A A. progressive Explanation A progressive tax is a tax in which the average tax rate increases as the taxable amount increases. The term “progressive” refers to the way the...
by Sunday | May 25 | Economics WAEC
A. A tax should be impossible to evade B. A tax should be convenient to pay C. no tax should be levied on food D. there should be no taxation without representation Correct Answer: Option B B. A tax should be convenient to pay