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Thepotemich [5.8K]
3 years ago
14

Please help me with this question

Social Studies
1 answer:
miskamm [114]3 years ago
5 0
The bottom one or D that one is the best choice 
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In the 1920s, Secretary of the Treasury Andrew Mellon succeeded in cutting taxes on: a.corporate profits and personal incomes. b
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Answer:

a.corporate profits and personal incomes

Explanation:

After being appointed by the then US president, Warren G. Harding, T. Mellon was tasked with reducing the large federal debt accumulated as a result of World War I. Hence, in his bid to achieve the aim, he increased revenue by lowering tax rates so a s to boost the economic activity as well as increasing overall tax revenue by encouraging more people to actually pay their taxes.

His then successfully cut taxes across the board both corporate and personal income tax, which was finally enacted by Congress in the Revenue Acts of 1921, 1924, and 1926.

In turn, the top marginal tax rate fell from 73 percent in 1922 to 24 percent in 1929.

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Unsought Good

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Based on the information provided within the question it can be said that prior to this the plumbers services represented an Unsought Good. This term refers to goods/services that an individual does not usually think of buying and instead is purchased out of fear of an unfortunate consequence from not making the purchase. Which would be the case in this scenario if June would have purchased the Plumbers services in fear of the pipe potentially busting. Once the pipes burst the Unsought Good became a necessity.

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Do any of you understand this? If so, could you explain it to me or possibly help me out?
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honestly I don't know what the hell that is

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