Public Finance (ECOM3104)
Faculty of Economics and Management Science (FEMS)
Semester: First Semester
Level: 300
Year: 2017
Question one
a. Define;
- Efficiency.
- Equity.
b. What is the challenge for policy design in Public Finance?
c. Give two examples of public goods.
Question two
d. What is externality? Briefly illustrate the difference between positive and negative externality.
e. If a person with 1,000,000FCFA pay 75,000FCFA as taxes and a person with 5,000,000FCFA
pays 300,000FCFA as taxes. Is the tax progressive, proportional or regressive? Why?
f. State two reasons why VAT will be favored to a sales tax.
THE UNIVERSITY OF BAMENDA
FACULTY OF ECONOMICS AND MANAGEMENT SCIENCES
1
st
Semester C.A Course: Public Finance: ECON307
Credit Value:
Course Lecturers:
Time: Course Status: Date:
Venue: Instruction:
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