Public finance questions | form six Economics

1. Define

1. Ad Valorem tax
2. A specific tax

2. Why do governments impose taxes?

Answer / Solution

UNSOLVED

How can government budget be used to regulate the national economy?

Answer / Solution

UNSOLVED

Discuss the main advantages and disadvantages of value added tax (V.A.T)

Answer / Solution

UNSOLVED

Explain the following

1. Expansionist monetary policy
2. Expansionist fiscal policy
3. A contractionist monetary policy
4. A contractionist fiscal policy

Answer / Solution

UNSOLVED

1. What is a tax?
2. For each of the following give an example of an actual tax.

1. High revenue yielding
2. Certain to the taxpayer
3. Convenient to the taxpayer
4. Automatic in stabilizing the economy
5. Does not harm effort
6. Does not dislocate industry

100. Give reasons for your answers in (b) above.

Answer / Solution

UNSOLVED