WAEC Economics 2025 Objective — Question 42
Question 42 of 51 from the West African Examinations Council (WAEC) Economics 2025 Objective paper, with the correct answer and a full explanation.
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A flat tax rate of 10% levied per unit of a commodity is an example of
- A. specific tax.Correct
- B. progressive tax.
- C. regressive tax.
- D. ad valorem tax.
Explanation
A tax charged as a fixed amount per unit of a good, regardless of its price, is a specific tax.
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