Adam Smith's Four Canons of Taxation Are Equity, Certainty, Economy

question 58

True/False

Adam Smith's four canons of taxation are Equity, Certainty, Economy and Convenience.

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Definitions:

Least Intuitive

Describes concepts, actions, or options that are not immediately obvious or comprehensible to intuition.

Openness

A personality trait that characterizes individuals who are open to new experiences, curious, and imaginative.

Low on Neuroticism

Refers to individuals who exhibit lower levels of anxiety, depression, and emotional instability compared to the average.

Performs Under Pressure

The ability of an individual to execute tasks effectively in situations of high stress or urgency.