1st statement - Taxation is inherent in every sovereignty because it may be exercised although it is not expressly granted by the fundamental law. 2nd statement – Inherent limitation requires the delegation of the power to the State by the authority. a. Only the 1st statement is true b. Only the 2nd statement is true c. Both statements are true d. Both statements are false

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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1st statement - Taxation is inherent in every sovereignty because it may be exercised although it
is not expressly granted by the fundamental law.
2nd statement – Inherent limitation requires the delegation of the power to the State by the
authority.
a. Only the 1st statement is true
b. Only the 2nd statement is true
c. Both statements are true
d. Both statements are false

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