The main source of -1- (A. Production B. Revenue C .development D. capital) to the government is -2-(A. planning B. budgeting C. Taxation .investment),which can be direct or indirect. while the former is based on one’s -3-(A. income B. profits C. services D. wealth),the latter is imposed on goods and -4-(A. re-numeration B. surpluses C. resources D. services) and it is paid only we these are -5- (A. supplied B. produced C. distributed D. bought) other sources includes -6- (A. compensation B. Benefits C. gratitude’s D. loyalties) such as those paid by mining companies, and sales of -7- (A. charges B. duties C. bills D. licenses ) for dogs,guns,hotels, etc .another major source is -8- (A. investment B. banking C .interest D. borrowing ) which is different from the other because it as to be repaid. From these and other sources, government is able to raise -9-(A. loans B. capitals C. money D. grant) with which it carries out its -10- (A. jobs B. necessities c. investments D. functions), which include administration and the -11- (A. settlement B. provision C. embarking D. commitment) of social services. Besides, it is able to control the country’s -12- (A. accounts B. budgets C. prices D. economy) by imposing taxes sometimes to prevent -13-(A. deflation B. monopoly C. inflation D. depression) or by altering pattern of -14- (A. consumption B. production C. development D. growth) through the raising of -15- (a. subsidy B. discount C. commission D. duty) against certain foreign goods.
Read the passage carefully and answer the question labeled 13
A. deflation B. monopoly C. inflation D. depression
Correct Answer: C
Explanation
Inflation is an increase in the general level of prices or in the cost of living, and not - a deflation: a decrease in the general price level, that is, the nominal cost of goods and services as as wages or monopoly: a situation by legal privilege or other agreement, in which solely are party (company, cartel, etc) exclusively provides a particular product or service.
