What was the primary reason the Income Tax Amendment of 1913 was passed?
(a) To pay off the public debt accumulated during the Civil War (1861–65)
(b) To pay off the public debt accumulated during World War II (1941–45)
(c) To grant the federal government access to revenues beyond those from land sales,
customs and excise taxes
(d) To pay off the current account deficit
(c)
Economics
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___________ than would be the case if all firms had identical products and prices.
a. flatter b. steeper c. farther to the right d. less elastic
Economics
Exhibit 4-2 Supply and demand curves
Beginning from an equilibrium at point E1 in Exhibit 4-2, an increase in demand for good X, other things being equal, would move the equilibrium point to:
A. E1, no change. B. E2. C. E3. D. E4.
Economics