In a liquidity trap, the

When compared to a perfectly competitive industry, in a monopoly:

A) both consumer surplus and social surplus are larger. B) consumer surplus is lower but social surplus is larger. C) both consumer surplus and social surplus are smaller. D) consumer surplus is higher but social surplus is smaller.

During the twentieth century, a primary driver of the expansion of the U.S. income tax system has been _____

a. westward expansion b. natural disasters c. military conflict d. withholding