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JAMB Economics 1985 Question 32

Question 32

Public Finance

Which of the following is NOT among the canons of taxation as set out by Adam Smith?

  1. A.Equality
  2. B.Security
  3. C.Certainty
  4. D.Convenience
  5. E.Economy
Show the answer and explanation

Answer: B (Security)

Explanation

Adam Smith's four canons are equality, certainty, convenience and economy; security is not one of them.