Question 826:

• JAMB 1986

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

Question 827:

• JAMB 1986

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

Question 828:

• JAMB 1986

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

Question 829:

• JAMB 1986

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

Question 830:

• JAMB 1986

Balance of payment deficit in Nigeria CANNOT be solved by

A. Importing more goods and services
B. Devaluation of the currency
C. Imposing import duties
D. Imposing import bans on some commodities