The Eighteenth Amendment, Having the Dubious Distinction of Being the Only

question 44

Multiple Choice

The Eighteenth Amendment, having the dubious distinction of being the only constitutional amendment designed to deal directly with some substantive social problem and the only amendment to have been repealed, addressed the issue of

• A)slavery.
• B)the income tax.
• C)presidential disability.
• D)prohibition of alcohol.
• E)poll taxes.

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Definitions:

Winner-Take-All Markets

Economic markets in which a small number of participants receive a large majority of gains, while the rest receive little or nothing.

Nominal Wages

See Money Wages.

Economic Rent

The surplus income received by a factor of production (land, labor, or capital) due to its limited supply, over and above its opportunity cost.

Pro Tennis Tour

A circuit of internationally recognized tennis tournaments in which professional tennis players compete for titles and prize money.