Post Utme Ksu 2022 Economics Question 11

Practice objective / multiple choice question 11 from the 2022 Post Utme Ksu Economics examination.

Post Utme Ksu 2022 Economics Objective / Multiple Choice
Question 11 POST_UTME_KSU • 2022 • ECONOMICS • objective

A government's decision to impose a tax on luxury goods is an example of a policy aimed at reducing income inequality. Which of the following is a potential consequence of this policy?

Answer Options

A. Increased tax revenue for the government
Correct Answer B. Reduced demand for luxury goods
C. Increased income inequality
D. Decreased economic growth
Correct Answer
B
Correct Option:
Reduced demand for luxury goods

About This Question

This is Post Utme Ksu 2022 Economics Question 11. It is one of the objective questions from the 2022 Post Utme Ksu Economics examination.

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