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.
The biggest problems cited by the united states are:
1. Budget problem
2. Unemployment
3. HEALTH care
4. Immigration
5. Poverty
6. inequality in wages
7. Decline of religion and morals
8. Civil rights and race relations.
9.Education,Environment,Media,crime.
10. Terrorism
It is important to solve all the problems that are faced by any human being. Because a human should b free of tension and should have freedom in every way he looks.
The problem that first should be addressed is poverty because it's such a problem that keeps man not a man it makes life hell.
When the united states has no poverty then it's possible to think of development and other activities. As the poverty gets kicked out then education and other things come into play.
The most important issues that need to be addressed first are
1 poverty
2 terrorism
3 crime
4 Education
The problem once overcome can lead any nation to its success.
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Answer:
Consumers must choose among alternative goods with their limited money incomes. The Utility Maximization rule states: consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility.
