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JAMB Economics 2000 Question 45

Question 45

Public Finance

An aspect of taxation that involves normative economics is the

  1. A.tax rate
  2. B.effect on incentive to work
  3. C.fairness of the tax
  4. D.tax burden.
Show the answer and explanation

Answer: C (fairness of the tax)

Explanation

Whether a tax is fair is a value judgement (what ought to be), which is normative economics.