2 marksTaxation and Fiscal Policy
CSEC Principles of Business · May/June 2013 · Paper 2 · Question 6(b)(i)
Differentiate between 'progressive' taxes and 'regressive' taxes.
The mark scheme is shown once you've answered.
Practise this questionOther parts of this question
- 6(a)(i)Define the term 'taxes'.[2 marks]
- 6(a)(ii)Define the term 'subsidies'.[2 marks]
- 6(a)(iii)State TWO reasons why governments impose taxes.[2 marks]
- 6(a)(iv)Identify TWO services which a government in the Caribbean would normally subsidize.[2 marks]
- 6(b)(ii)List TWO examples of direct taxes.[2 marks]
- 6(b)(iii)List TWO examples of indirect taxes.[2 marks]
- 6(c)Discuss TWO steps which your government could take to protect the interests of local poultry farmers.[6 marks]
More practice: the rest of this paper · more Taxation and Fiscal Policy questions · all CSEC Principles of Business past papers