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1606
indirect tax are taxes which
  • A. are levied on the income and profit of the individuals and firms
  • B. always affects the producer only
  • C. are bassed on the progressive principles
  • D. are based on the regressive principles
  • E. are levied on goods and services purchased by individuals and firms
View Answer & Discuss WAEC 1992
1607
The situation where government revenue in a fiscal year is less than its expenditure is referred to as
  • A. budget deficit
  • B. balanced budget
  • C. budget surplus
  • D. budget statement
  • E. unfavourable budget
View Answer & Discuss WAEC 1992
1608
The situation where government revenue in a fiscal year is less than its expenditure is referred to as
  • A. budget deficit
  • B. balanced budget
  • C. budget surplus
  • D. budget statement
  • E. unfavourable budget
View Answer & Discuss (1) WAEC 1992
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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1609
Land is often different from other factors of production because it
  • A. is a free gift of nature
  • B. constitutes one-third of the entire world
  • C. has different grades
  • D. is owned bt individuals
  • E. is owned by government
View Answer & Discuss WAEC 1992
1610
Economics is the study of how to
  • A. choose between alternatives, given limited resources
  • B. regulate the money that is in circulation in a country
  • C. be prudent in the use of available resources
  • D. improve the standard of living of the society at large
  • E. arrange our needs in order of usefulness before satisfying them
View Answer & Discuss WAEC 1993
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