Which of the Following Statements Is TRUE

question 28

Multiple Choice

Which of the following statements is TRUE?

• A) Land has become increasingly concentrated in a few hands.
• B) A tradition of equitable land distribution helped to dampen class tensions in the United States.
• C) In the nineteenth century, the government adopted policies that distributed small plots to resident landholders.
• D) Some share of the gap in wealth between whites and blacks today can be attributed to the access that whites had to western lands in the nineteenth century.
• E) All of the above statements are true.

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Definitions:

Double Taxed

The situation where the same income is taxed twice, typically referring to corporate income taxed at both the corporate level and again when distributed as dividends to shareholders.

Tax Liability

The total amount of tax owed by an individual or business to a taxing authority like the government.

Incorporated Cooperatives

Organizations owned and operated by a group of individuals for their mutual benefit, which have been legally incorporated under state law.

Limited Liability

A legal principle where a person's financial responsibility is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.