Economics Past Questions

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3456

Which of the following is an indirect tax?

A. Poll tax
B. personal income tax
C. Company tax
D. excise duties

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3457

Localization of industry is encouraged because of ________

A. low interest charges on loans
B. improvements in infrastructure
C. low foreign exchange rate
D. high standard of living

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3458

Which of the following is correct?

A. Traditional budgeting focuses on goals and objectives
B. Zero based budgeting produces a single level of appropriation for an activity
C. Traditional budgeting starts with last year’s funding appropriation
D. Zero based budgeting does not systematically consider alternatives to current operations

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3459

The privatization of public enterprises will lead to the efficient management of resources in the economy. This statement can best be described as_____________

A. deductive reasoning
B. positive reasoning
C. normative reasoning
D. inductive reasoning

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3460

The type of business finance that entitles the holder to a fixed rate of dividend is______________--

A. bank load
B. debenture
C. preferred stock
D. semi-fixed

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