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551
A greater burden of tax on a product with high price elasticity of demand rests mainly on the
  • A. producer
  • B. teacher
  • C. civil servant
  • D. middlemen
View Answer & Discuss WAEC 2001
552
An ad volarem tax refers to a tax
  • A. imposed on exports
  • B. on goods manufactured in the country
  • C. based on the value of the commodity
  • D. levied on income
View Answer & Discuss WAEC 2001
553
Which of the following is associated with the development of petroleum industry in Nigeria?
  • A. Neglect of agriculture
  • B. increase in population growth
  • C. increase in the rate of unemployment
  • D. decrease in the rate of inflation
View Answer & Discuss WAEC 2001
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554
Balance of payment deficit can be corrected by
  • A. purchasing foreign assets
  • B. acumulating foreign reserves
  • C. export promotion measures
  • D. import promotion measures
View Answer & Discuss WAEC 2001
555
The exchange of goods and services across countries can be described as
  • A. Bi-lateral trade
  • B. multilateral trade
  • C. national trade
  • D. home trade
View Answer & Discuss WAEC 2001
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent