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WAEC Economics 2008 Question 44

Question 44

Public Finance

All indirect taxes tend to be

  1. A.progressive
  2. B.regressive
  3. C.certain
  4. D.equitable.
Show the answer and explanation

Answer: B (regressive)

Explanation

Rich and poor pay the same indirect tax on a good, so it takes a larger share of a poor person's income.