The primary function of taxes is to
A. Correct inequities in the distribution of goods and services.
B. Increase private saving.
C. Transfer the command of resources from the private sector to the public sector.
D. Increase the purchasing power of the private sector.
Answer: C
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The direction of colonial trade produced great trade deficits with England, especially in the New England Colonies. Consequently, growth and development were stifled in colonial America
Indicate whether the statement is true or false
Greenbacks were first issued
(a) by the Federal government to help the economy out of a recession in the 1850s. (b) by the States to pay for the construction of canals. (c) by the Federal government to help pay for the Civil War (1861–1865). (d) by banks during the Free Banking Era.
The first act to declare monopolies illegal in the United States was the
a. Sherman Antitrust Act. b. Clayton Act. c. Federal Trade Commission Act. d. Robinson-Patman Act.
The firm that practices price discrimination needs to be able to distinguish ________; the seller also has to be able to prevent the buyers in the lower-priced market from ________ the product to those in the higher-priced market.
Fill in the blank(s) with the appropriate word(s).