The federal income tax began in the United States with the

a. Morrill Act of 1862.
b. addition of the Bill of Rights to the Constitution in 1791.
c. passage of the 16th Amendment to the Constitution in 1913.
d. New Deal legislation of the 1930s.

c

Economics

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An increase in the demand for bonds will increase both the price of bonds and the quantity of bonds held

a. True b. False

Economics

The second largest source of revenue for the federal government is the

A. import tax. B. payroll tax. C. export tax. D. federal property tax.

Economics