Post Utme Abu 2018 Economics Question 33

Practice objective / multiple choice question 33 from the 2018 Post Utme Abu Economics examination.

Post Utme Abu 2018 Economics Objective / Multiple Choice
Question 33 POST_UTME_ABU • 2018 • ECONOMICS • objective

A government is considering implementing a value-added tax (VAT) to raise revenue. What are the potential benefits of a VAT?

Answer Options

A. It is a regressive tax
B. It is a progressive tax
Correct Answer C. It is a neutral tax
D. It is a tax on imports only
Correct Answer
C
Correct Option:
It is a neutral tax

About This Question

This is Post Utme Abu 2018 Economics Question 33. It is one of the objective questions from the 2018 Post Utme Abu Economics examination.

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