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Public finance questions

Public finance questions | form six Economics

Find Public finance examination questions, form six Economics in acaproso.com

# Question
1
  1. Distinguish between
  1. Public finance and private finance
  2. Tax evasion and tax avoidance
  3. Taxable capacity and tax base
  4. Benefit principle and ability to pay principle
  5. The burden and the incidence of the tax
  6. The impact and burden of a tax
  1. What are possible ways which people can use to evade tax?

Short answers
2

What is the incidence of a tax? To what extent is it related to elasticity of demand?


Long answers
3

Discuss the need and role of public finance.


Long answers
4

Explain how the government can finance a deficit budget.


Short answers
5

Discuss the main objectives of any government . The objective of any government is to achieve the following.


Short answers
6
  1. Define
  1. Ad Valorem tax
  2. A specific tax
  1. Why do governments impose taxes?

Short answers
7

How can government budget be used to regulate the national economy?


Long answers
8

Discuss the main advantages and disadvantages of value added tax (V.A.T)


Long answers
9

Explain the following

  1. Expansionist monetary policy
  2. Expansionist fiscal policy
  3. A contractionist monetary policy
  4. A contractionist fiscal policy

Short answers
10
  1. What is a tax?
  2. For each of the following give an example of an actual tax.
  1. High revenue yielding
  2. Certain to the taxpayer
  3. Convenient to the taxpayer
  4. Automatic in stabilizing the economy
  5. Does not harm effort
  6. Does not dislocate industry
  1. Give reasons for your answers in (b) above.

Short answers