Neither the 1939 nor the 1954 Code Substantially Changed All

question 40

True/False

Neither the 1939 nor the 1954 Code substantially changed all the tax law existing on the date of its enactment.

---

Definitions:

McDonald's

A global fast-food company recognized for its burgers, fries, and breakfast items, known as a pioneer in the quick service restaurant industry.

Donald Boudreaux

An American economist, author, and professor known for his work on free market economics.

Private Property

Ownership rights over property (such as land, buildings, or goods) by individuals or non-governmental entities.

Market System

A type of economic system where decisions regarding investment, production, and distribution are guided by the price signals created by the forces of supply and demand.