Question 17
Question 17 of 30
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
3. Government microeconom...
3.2. Methods and effects of governm...

impact and incidence of specific indirect taxes

5. Government macroeconom...
5.2. Fiscal policy

taxation: types of taxes: direct/indirect, progressive/regressive/proportional, rates of tax: marginal and average rates of taxation (mrt, art), reasons for taxation

4. The Macroeconomy (AS L...
4.3. Aggregate Demand and Aggregate...

determinants of AD (detailed knowledge of the components of AD is not required)