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)
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What does economics have in common with sociology?
a. Economics and sociology ask fundamentally the same questions. b. Economics and sociology use the same tools to analyze issues. c. Both are social sciences. d. What and how economists study is very similar to what and how sociologists study. e. Explaining something about society is only a secondary purpose in both areas.
During the last four decades, the composition of federal spending has
a. been virtually unchanged, but federal spending as a share of GDP has declined substantially. b. been virtually unchanged, but federal spending as a share of GDP has increased sharply. c. shifted away from national defense and toward spending on income transfers and health care. d. shifted away from health care and income transfers and toward spending on national defense.
Give some explanations for the decline in union membership in the United States.
What will be an ideal response?
When you open a checking account at Bank of America, Bank of America
A) has more reserves and more excess reserves. B) has more reserves, but excess reserves remain unchanged. C) has more deposits and less in excess reserves. D) has more deposits, but excess reserves remain unchanged.