Why do governments want to maintain the health of the banking system?
What will be an ideal response?
Banks reduce information costs in the financial system.
Economics
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In the United States, the top 1% of income earners face an average federal tax rate of ________ and contribute ________ of all federal tax dollars received
A) 73%; 49.5% B) 20%; 5% C) 24%; 9.1% D) 29.4%; 24.2%
Economics
While it is possible to erect barriers to foreign competition and save domestic jobs, restricting international trade may impose large costs on an economy
a. True b. False Indicate whether the statement is true or false
Economics