Which of the Following Statement Is/are Included in Adam Smith's

question 30

Multiple Choice

Which of the following statement is/are included in Adam Smith's four requirements for a good tax system?
I.Changes in the tax law should be made as needed to raise revenue and for proper administration.
II.A tax should be imposed in proportion to a taxpayer's ability to pay.
III.A taxpayer should be required to pay a tax when it is most likely to be convenient for the taxpayer to make the payment.
IV.The government must collect taxes equal to it's expenses.

• A)Statements I and II are correct.
• B)Statements I and IV are correct.
• C)Statements II and III are correct.
• D)Statements II and IV are correct.
• E)Statements III and IV are correct.

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Definitions:

Heart Disease

A broad term for conditions affecting the heart or blood vessels, often associated with plaque buildup in arterial walls, leading to heart attacks or strokes.

High Blood Pressure

A condition where the force of the blood against the artery walls is too high, often leading to heart disease.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often accompanied by physical symptoms such as increased heart rate.

Manage Anger

Techniques or strategies employed to recognize signs of anger and handle them in a positive and constructive manner without causing harm.