Post Utme Noun 2022 Economics Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Noun Economics examination.

Post Utme Noun 2022 Economics Objective / Multiple Choice
Question 6 POST_UTME_NOUN • 2022 • ECONOMICS • objective

The government of a country decides to impose a tax on imported goods to raise revenue. However, the tax also leads to an increase in the price of these goods, which in turn reduces the quantity demanded. This is an example of a:

Answer Options

A. deadweight loss
Correct Answer B. tax incidence
C. tax revenue
D. tax evasion
Correct Answer
B
Correct Option:
tax incidence

About This Question

This is Post Utme Noun 2022 Economics Question 6. It is one of the objective questions from the 2022 Post Utme Noun Economics examination.

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