Download 2 - PDST

1
Explain the term “fiscal policy” and
give a relevant example
2 Monetary policies can contribute
to the control of inflation, how???
3
Give an advantage of semi-state
bodies, and one problem that semistate bodies may face
4
Distinguish between direct taxes
and indirect taxes, give an
example of each
5
Outline one economic argument in favour
of privatisation and one economic
argument against privatisation
6
Distinguish
between
an Ad Valorem
&
a Specific Tax
7
Distinguish between Progressive
and Regressive Taxes
8
“The incidence of a tax refers to
the manner in which the burden
of the tax is borne”
Distinguish between Formal
Incidence & Effective Incidence
9
Define the following term
“Exchequer Borrowing
Requirement”