Choose the Word or Phrase in [ ] Which Will

question 57

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The major source of revenue for the federal government is [income | estate] taxes.

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Definitions:

Labor Union

An organization of workers formed to protect and advance their rights and interests, typically through collective bargaining.

Excess Supply

A situation where the quantity of a product offered by producers exceeds the quantity demanded by consumers, leading to surplus.

Equilibrium Market Wage

Another term for the wage rate at which the quantity of labor demanded equals the quantity supplied, ensuring labor market balance without excess supply or demand.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or gender.