Monetary, Fiscal And Incomes Policy, And Inflation
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- Monetary, Fiscal And Incomes Policy, And Inflationeconomics-mcqs › monetary-fiscal-and-incomes-policy-and-inflation
- Published
- 31 May 2019
- Last updated
- 28 May 2026
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Which statement below is INCORRECT?
Multiple choice question for Monetary, Fiscal And Incomes Policy, And Inflation. Select an option, then review the explanation below.
Explanation
Option A is true because international trade taxes are a key revenue stream for low-income countries with weak tax systems. Option B is correct since import duties can reduce luxury goods consumption. Option C is accurate as several LDCs have adopted value-added taxes to raise considerable revenue. However, Option D is false because cascade tax is not a progressive tax and is not predominant in developed countries.
More Monetary, Fiscal And Incomes Policy, And Inflation MCQs
Practice related questions from the same subject.
- 1.Which of the following statements accurately describe characteristics of financial repression?
- 2.Which of the following represent the negative impacts caused by inflation?
- 3.Why do central banks in Less Developed Countries (LDCs) typically exert a weaker influence on spending and economic output compared to those in more developed nations?
- 4.What term describes the situation where lenders cannot accurately assess investment risks because of asymmetric information, resulting in the possibility of financing poor credit risks?
- 5.Which category do property tax, wealth tax, inheritance tax, and income taxes like personal and corporate taxes belong to?