Question 4206:

• WAEC 2021

In order to enable the government of a country to increase its tax revenue, it will be advisable for it to increase taxes on ____________

A. Textile materials with elastic demand
B. Alcoholic beverages with inelastic demand
C. Agricultural products with inelastic supply
D. Luxury goods with elastic supply

Question 4207:

• WAEC 2021

People who dispose of their assets are expected to pay ____________

A. Value added tax
B. Capital gains tax
C. Expenditure tax
D. Sales tax

Question 4208:

• WAEC 2021

A floating exchange rate means that the exchange rate is fixed by the ____________

A. Central bank of the country
B. Forces of demand and supply
C. International monetary fund (IMF)
D. Ministry of Finance

Question 4209:

• WAEC 2021

A measure that can be adopted to correct a country 's balance of payments deficit is ____________

A. Allow the currency to appreciate to encourage imports.
B. Allow the currency to depreciate to encourage imports
C. Adopt import substitution strategy
D. Restrict trade with all countries

Question 4210:

• WAEC 2021

Records of a country's invisible trade are recorded in her ____________

A. Trade account.
B. Capital account.
C. Current account
D. Financial account.