Utme 2020 Economics Question 36

Practice objective / multiple choice question 36 from the 2020 Utme Economics examination. This question covers Economics .

Utme 2020 Economics Objective / Multiple Choice 2 Difficulty
Topic: Economics
Question 36 UTME • 2020 • ECONOMICS • objective

Ad valorem tax means

Answer Options

Correct Answer A. a certain percentage tax based on the value of the commodity
B. a tax on the income of the consumer
C. payment of tax on the profits made
D. a certain percentage tax based on the volume of the commodity
Correct Answer
A
Correct Option:
a certain percentage tax based on the value of the commodity

About This Question

This is Utme 2020 Economics Question 36. It is one of the objective questions from the 2020 Utme Economics examination.

The question covers Economics .

Difficulty level: 2 .

View More Utme 2020 Economics Questions More Utme Practice Questions Back to Questions

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