Q.1.1 An increase in the budget deficit is the result of:
(a) Expansionary monetary policy;
(b) Contractionary monetary policy;
(c) Expansionary fiscal policy;
(d) Contractionary fiscal policy.
Q.1.2 Company tax is a:
(a) Progressive, direct tax;
(b) Progressive, indirect tax;
(c) Proportional direct tax;
(d) Regressive indirect tax.
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