Post Utme Redeemers University 2023 Economics Question 16

Practice objective / multiple choice question 16 from the 2023 Post Utme Redeemers University Economics examination.

Post Utme Redeemers University 2023 Economics Objective / Multiple Choice
Question 16 POST_UTME_REDEEMERS_UNIVERSITY • 2023 • ECONOMICS • objective

A government imposes a tax on luxury goods to reduce income inequality. However, the tax is not levied on essential goods. What type of tax is this?

Answer Options

A. Progressive Tax
B. Regressive Tax
C. Proportional Tax
Correct Answer D. Selective Tax
Correct Answer
D
Correct Option:
Selective Tax

About This Question

This is Post Utme Redeemers University 2023 Economics Question 16. It is one of the objective questions from the 2023 Post Utme Redeemers University Economics examination.

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