Question 15
Question 15 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...
3.3. Addressing income and wealth i...

policies to redistribute income and wealth: minimum wage, transfer payments, progressive income taxes, inheritance and capital taxes, state provision of essential goods and services

8. Government microeconom...
8.2. Equity and redistribution of i...

policies towards equity and equality, for example: negative income tax, universal benefits and means-tested benefits, universal basic income

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