NECO Economics 2025 Objective — Question 32
Question 32 of 60 from the National Examinations Council (NECO) Economics 2025 Objective paper, with the correct answer and a full explanation.
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The principles of a good tax system was postulated by
- A. Adam SmithCorrect
- B. Alfred Marshall
- C. David Ricardo
Explanation
Adam Smith outlined the four canons of taxation: equity, certainty, convenience, and economy, in 'The Wealth of Nations.'
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