Tax Incidence And Its Effects Jamb Economics Past Questions
Question 11
An example of a regressive tax is?
- A. the personal income tax
- B. the graduated corporation income tax
- C. a general sales tax
- D. the inheritance tax
- E. the excise tax
Question 12
Under normal circumstances a producer will bear the entire burden of taxation on his output if the?
- A. demand for his product is completely elastic
- B. supply of his goods is more elastic than the demand
- C. demand for his product is more elastic than the supply
- D. production of his commodities is subject to diminishing returns
- E. production of his commodities is subject to increase returns to scale
Question 13
Tax incidence is the analysis of?
- A. how progressive a tax is
- B. how a tax is collected
- C. hw distorting a tax is
- D. who ultimately pays the tax
Question 14
The best technical description of a progressive tax is a?
- A. tax which takes more money from the rich than from the poor
- B. more equitable tax than aggressive one
- C. tax which takes a higher proportion of extra naira received as income rises
- D. tax which falls directly on those in the high income brackets
Question 15
A Tax which takes a higher percentage from higher incomes is called?
- A. a regressive tax
- B. a progressive tax
- C. a proportional tax
- D. an indirect tax
- E. a direct tax
