Question 4566:

The tax imposed on goods manufactured within a country is called ____________

A. Value added tax
B. Capital gains tax
C. Excuse tax
D. Profit tax

Question 4567:

One of the criticisms against delegated legislation is that it ____________

A. Gives too much power to all organs of government
B. Enhances separation of powers
C. Encroaches on parliamentary power
D. 1s not practised in advanced countries

Question 4568:

Devaluation of the countrys currency is as a result of ____________

A. Forces of demand and supply
B. Offical policies of local economy
C. The economic meltdown
D. Foreign polices

Question 4569:

The economic system which relies mainly on the pnce mechanism for the allocation of scarce resources is known as ____________

A. Capitalist economic system
B. Command economic system
C. Combined economic system
D. Traditional economic system

Question 4570:

A shift in supply is caused by the following factors except ____________

A. The price of the goods
B. The cost of resources
C. The number of buyers
D. The technique of production