Which of the following combination of qualities ensures a good tax system?

A. Deflationary equity, certainty and convinience

B. Economy convinience, certainty and equity

C. Economy, deflationary, inflationary and certainty

D. Economy, convinience, certainty and inflationary

The quantity demanded of a commodity is influenced only by changes

A. tastes

B. weather

C. price of the commodity

D. Price of other commodities

Which of the following is an indirect tax

A. income tax

B. company tax

C. profit tax

D. sales tax

When a pen and a book is demanded together, the demand is said to be

A. composite

B. competitive

C. joint

D. derived

The reward for capital is

A. interest

B. rent

C. risk premium

D. premium

Infant industries are industries that

A. deals in the production of infant books

B. are in their earlier stage of production

C. produce dresses for infants

D. are well established

The most common form of business enterprise in West Africa is the

A. Sole proprietorship

B. Co-operative

C. Partnership

D. joint stock company

In order to boost agriculture, West African countries should pay more attention to

A. shifting cultivation

B. animal husbandry

C. seed multiplication

D. mechanization

Gross National Product (GNP) less depreciation is known as

A. Gross Domestic Products

B. Gross National Income

C. Fixed National Income

D. Net National Income

West African economy can best be described as

A. agricultural

B. backward

C. developed

D. industrialized