Adam Smith's Canons of Taxation Are Equity,certainty,convenience,and Economy

question 75

True/False

Adam Smith's canons of taxation are equity,certainty,convenience,and economy.

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Definitions:

Positive Economics

The scientific study of “what is” among economic relationships.

Normative Economics

Judgments about “what ought to be” in economic matters. Normative economic views cannot be proved false because they are based on value judgments.

Unintended Consequences

Outcomes that are not the ones foreseen or intended by a purposeful action.

Sunspot Activity

Describes the phenomena of magnetic storms on the Sun's surface, manifesting as sunspots, which can affect Earth's magnetic field and thus potentially influence global climate and telecommunications.