J Economics 17

Which of the following is an indirect tax?

Which of the following is not an indicator of economic growth?c

Given a consumption function C = 10 + 0.6Y, determine the value of C if Y is 20

The option "excise duties" is an indirect tax. An indirect tax is a tax that is not directly paid to the government by the person on whom it is imposed. Instead, it is collected by an intermediary, such as a manufacturer or a retailer, who then passes the tax on to the consumer by including it in the price of the goods or services they sell. Excise duties are a form of indirect tax that is imposed on specific goods, such as alcohol, tobacco, gasoline, and luxury items. The duty is usually added to the price of the goods and paid by the manufacturers or importers of the products. The manufacturers or importers then pass the cost of the excise duty on to the consumer in the form of a higher price. On the other hand, a poll tax is a tax that is directly paid by every adult member of a community, regardless of their income or wealth. Personal income tax is a direct tax that is paid by individuals on their income. Company tax is a direct tax that is paid by businesses on their profits. In summary, an indirect tax is a tax that is collected by an intermediary and passed on to the consumer. Excise duties are a form of indirect tax imposed on specific goods, making it the correct answer in this case.

The modal value of 3, 8, 4, 6, 3, 5, 2, 7, 3 and 5 is

Excess supply over demand will place a price advantage on _____

So option 4 is correct because it is the economic system that ultimately dictates production decisions in any society.

Given that ∑fx = 340 and N = 20, find the arithmetic mean.

Petro-chemical industries are located in the Rivers State of Nigeria because of ________?

The following are Methods of measuring National Income of a country EXCEPT; ?

Changing the structure of a commodity in order to increase its utility is called?

Which of the following source of income is spectacular only to Government ?

Completely competitive market exist when each member is a ______

Which of the following is NOT an instrument in the money market?

When the government fix the price of essential commodities, this is referred to as:

Which of the following is not a function of the money market?

A firm owned and managed by a family is an example of ______?

A country's terms of trade can be improved by ____?

Other products gotten from Petroleum include the following EXCEPT:

One of the unique features that distinguishes the perfect and imperfect market condition is _________

The graph above represents

A partnership sourcing for funds to expand its business would approach _______

Which modal of the factor is inelastic?

The production within the domestic territory of a country is called the

Given that Qd = 10 - 2p while Qs = 5 + 3P, if P = N1, determine the equilibrium quantity.

Which of the following statement is TRUE about ECOWAS?

is a formula used to calculate ____________

In economics, the “how” or input question refers to:

Opportunity cost helps the government to:

Which of the following is an indicator of economic growth?

Given that the total production of Bandako farmers with one worker is 10kg. When the workers increased to 2, 3, and 4, the total production increases to 20, 36 and 60kg respectively. Calculate the average product (AP) of the 4th unit of labour.

The population theory that is concerned with the cases of over population and shortage of food production is ______

Which of the following institutions does not operate in the money market?

One of the major causes of farmers' unstable income in Nigeria is _________

The basic principle of cooperative societies is to ________

The law of diminishing marginal utility states:

The bowed shape of the Production possibilities curve illustrates _________

Which of the following is NOT a source of government revenue?

One of the reasons why Nigeria is a mono-economy is because of her _______