The amendment to the U.S. Constitution that granted the federal government the authority to collect income taxes was the
A. 8th.
B. 26th.
C. 28th.
D. 16th.
Answer: D
You might also like to view...
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for Fruitopia, a soft drink
Which panel describes what happens in the market for Fruitopia when the price of Snapple, a substitute product, decreases? A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
The main issues that macroeconomic studies are
a. interest rates, jobs, and government policies. b. production, costs, and benefits. c. economic growth, unemployment, and inflation. d. choices made by household and businesses.
As there is a movement upward and leftward along the AD curve,
a. aggregate expenditure decreases b. the price level remains constant c. equilibrium GDP increases d. aggregate expenditure increases e. the interest rate falls
In the short run, a firm in a monopolistically competitive market operates much like a
a. firm in a perfectly competitive market. b. firm in an oligopoly. c. monopolist. d. monopsonist.