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391
Which of the following causes of inflation is related to demand-pull inflation?
  • A. Low productivity on farms and in firms
  • B. Poor storage facilities
  • C. Poor distribution system
  • D. Increase in expenditure on construction
View Answer & Discuss JAMB 1986
392
Which of the following is NOT a goal of modern budgets?
  • A. The control of inflation
  • B. The reduction in income inequality
  • C. The shift of all resources from the private to the public sector
  • D. Economic development
View Answer & Discuss JAMB 1986
393
The best technical description of a progressive tax is a?
  • A. tax which takes more money from the rich than from the poor
  • B. more equitable tax than aggressive one
  • C. tax which takes a higher proportion of extra naira received as income rises
  • D. tax which falls directly on those in the high income brackets
View Answer & Discuss JAMB 1986
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394
Tax incidence is the analysis of?
  • A. how progressive a tax is
  • B. how a tax is collected
  • C. hw distorting a tax is
  • D. who ultimately pays the tax
View Answer & Discuss JAMB 1986
395
In international trade, a country specializes in the production of a commodity or group of commodities for which it has?
  • A. a buoyant market
  • B. plenty of raw materials
  • C. the greatest relative advantage
  • D. executive manpower
View Answer & Discuss JAMB 1986
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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