All of the following methods were used to raise funds to finance the Civil War (1861–1865) except
(a) An income tax
(b) The printing of paper money
(c) Taxes on prostitution
(d) Taxes on whiskey and beer
(c)
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When a company introduces new audio products, it often initially sets the price high and lowers the price about a year later. This is an example of
A) a two-part tariff. B) second-degree price discrimination. C) intertemporal price discrimination. D) first-degree price discrimination.
Explain the theory of investment in human capital and the specific role that education plays in the theory.
What will be an ideal response?
Which of the following statements is true? a. If the Fed chooses a money supply target, it runs the risk of interest rate variations that may create a new set of problems
b. The Fed can target the interest rate and money supply at the same time but only during periods of inflation. c. If the Fed chooses a money supply target, it runs the risk of money supply variations that may create a new set of problems. d. The Fed can target the interest rate and money supply at the same time but only during recessions. e. If the Fed chooses an interest rate target, it reduces the risk of money supply variations.
A nation with cheap, efficient communications is likely to be...
What will be an ideal response?