Economics - 2017 E.C (2024/2025) Ethiopian University Entrance Exam (EUEE)

A It stabilizes wages and prices.

B It facilitates money supply.

C It stabilizes the interest rate.

D It encourages reduction of taxes.

A The price floor is below the equilibrium price of teff resulting in shortage of teff.

B The price floor is above the equilibrium price of teff resulting in shortage of teff.

C The price floor is below the equilibrium price of teff resulting in surplus of teff.

D The price floor is above the equilibrium price of teff resulting in surplus of teff.

A the demand of labor is greater than the supply of labor.

B perfect, costless information and labour mobility.

C the government sets the minimum wage.

D the supply of labor is greater than the demand for labor.

A Correction of balance of payments deficits

B Protection from external shocks

C Governments are free to pursue other policies

D Instability and uncertainty facing firms and consumers

A Depreciation

B Devaluation

C Appreciation

D Revaluation

A It is payment made to government to obtain direct benefit in return.

B It is the compulsory, unrequited payments to general government.

C It is payments that individuals make to government if they want.

D It is the only source of revenue for the government for personal use.

A Stabilizing the economy

B Minimizing income equalities

C Encouraging import

D Reducing regional balance

A Encouraging administrative efficiency

B Encouraging consumption

C Reducing consumption

D Stabilizing the economy

A It relates to the way the burden of tax is distributed among economic units.

B It points out who is illegally responsible for paying the tax from the income.

C It is imposing high taxes on high-income earners without any consideration.

D It is the way of discouraging low-income earners from paying taxes.

A It creates income inequalities.

B It is complex and financially inelastic.

C It enables optimum allocation of resources.

D It is narrow based-tax and is levied only on income.