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:

International Economic Policy

Government policy aimed at managing the country's economic relations with the rest of the world, including trade policies, exchange rates, and international investment.

Primary Goals

The main objectives or intended outcomes of a project, plan, or endeavor.

Kyoto Protocol

An international treaty that commits its parties to reduce greenhouse gas emissions, based on the premise that global warming exists and human-made CO2 emissions have caused it.

Geneva Conventions

A series of international treaties formulated to ensure humane treatment of individuals during war, including prisoners, wounded soldiers, and civilians.