Public finance questions | form six Economics

1. Distinguish between

1. Public finance and private finance
2. Tax evasion and tax avoidance
3. Taxable capacity and tax base
4. Benefit principle and ability to pay principle
5. The burden and the incidence of the tax
6. The impact and burden of a tax

2. What are possible ways which people can use to evade tax?

Answer / Solution

UNSOLVED

What is the incidence of a tax? To what extent is it related to elasticity of demand?

Answer / Solution

UNSOLVED

Discuss the need and role of public finance.

Answer / Solution

UNSOLVED

Explain how the government can finance a deficit budget.

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UNSOLVED

Discuss the main objectives of any government . The objective of any government is to achieve the following.

Answer / Solution

UNSOLVED