Examlex
Which of the following are included in Adam Smith's characteristics of a good tax?
Probability Distribution
A statistical analysis function that maps out all prospective values and their probabilities for a random variable within an established scope.
Standard Deviation
A statistical measure of the dispersion or variability of a set of data points, commonly used in finance to assess the volatility of an investment's returns.
Market Return
The total return on investment in the stock market, including both capital gains and dividends.
Risk Free Rate
An interest rate at which an investor expects to earn on an investment with zero risk.
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