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1866
The creation of utility can be referred to as
  • A. value added
  • B. profit maximization
  • C. entreprenuership
  • D. production
View Answer & Discuss WAEC 1999
1867
Government revenue will increase if tax is imposed on a good whose demand is
  • A. elastic
  • B. inelastic
  • C. unitary elastic
  • D. perfectly elastic
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1868
Occupational distribution of population is mainly influenced by
  • A. economic factors
  • B. religious factors
  • C. geographical factors
  • D. social factors
View Answer & Discuss WAEC 1999
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1869
proportional tax refers to
  • A. taxation of the rich only
  • B. equal tax rate for all people
  • C. unequal tax rate for all people
  • D. taxation of civil servants only
View Answer & Discuss WAEC 1999
1870
which of the following is not n item of capital expenditure?
  • A. Construction of highways
  • B. Building of dams
  • C. payment of salaries and wages
  • D. building of a new universities
View Answer & Discuss WAEC 1999
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