Post Utme Joseph Ayo Babalola University 2020 Economics Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

Post Utme Joseph Ayo Babalola University 2020 Economics Objective / Multiple Choice
Question 13 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2020 • ECONOMICS • objective

The government of Nigeria has introduced a new tax policy aimed at increa\sing revenue and promoting economic growth. The policy includes a new tax on luxury goods and services. Which of the following is a potential effect of this policy?

Answer Options

A. Increased tax revenue and reduced tax evasion
Correct Answer B. Reduced consumption of luxury goods and services
C. Increased investment in the luxury goods and services sector
D. Decreased economic growth and increased unemployment
Correct Answer
B
Correct Option:
Reduced consumption of luxury goods and services

About This Question

This is Post Utme Joseph Ayo Babalola University 2020 Economics Question 13. It is one of the objective questions from the 2020 Post Utme Joseph Ayo Babalola University Economics examination.

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