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O-LevelEconomicsGovernment and the macroeconomy2281/12 · Oct/Nov 2017 · Q171 Mark

The government introduces a new tax. It adds $1 to the price of every $10 good and $2 to the price of every $20 good. What can be concluded about the nature of this tax? [Table 17.1]

Ano no no
Bno no yes
Cyes yes no
Dyes yes yes

✓ Correct answer

A: no no no

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, Oct/Nov 2017 Paper 1 Variant 2, question 17.

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