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WAEC Economics 2012 Question 44

Question 44

Public Finance

An excise tax is imposed on goods

  1. A.smuggled into the country.
  2. B.manufactured locally.
  3. C.imported into the country.
  4. D.seized by custom officials.
Show the answer and explanation

Answer: B (manufactured locally.)

Explanation

Excise duty is levied on goods produced within the country.