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Under what authority can Congress levy an income tax?
a. Article 1, Section 8
b. Sixteenth Amendment
c. Pollock v. Farmers Loan & Trust Co
d. Tax and Spend Clause
Business Economics, Economics
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What is the market price of a bond if the face value is $1,000 and the yield to maturity is 6.2 percent? The bond has a 5.75 percent coupon rate and matures in 12.0 years. The bond pays interest semiannually.
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Suppose for the 3rd year in a row, the harvest of wheat in the US continues to decline. Imports are being used to make up the shortages in the US. In addition the US government decides to establish a price ceiling to hel ...
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