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2216
where the burden of a tax finally rests is called
  • A. tax object
  • B. tax rate
  • C. incidence of taxation
  • D. system of taxation
View Answer & Discuss (1) WAEC 2006
2217
An increase in the quantity of goods and services produced in a country which raises her national income is known as
  • A. economic development
  • B. economic growth
  • C. domestic investment
  • D. productivity
View Answer & Discuss WAEC 2006
2218
The formula index of export prices/index of import prices * 100
is used to measure the
  • A. volume of trade between countries
  • B. direction of internatrional trade
  • C. commodity terms of trade
  • D. volume of imports
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2219
which of the following is an invisible term?
  • A. Banking services
  • B. Petroleum products
  • C. Processed rice
  • D. processed milk
View Answer & Discuss WAEC 2006
2220
In an attempt to correct a deficit balance of payment, a country may decide to increase
  • A. domestic production
  • B. imports
  • C. domestic expenditure
  • D. tax on infant industry
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