When a state levies a sales tax, the tax
a. is paid only by the state's residents.
b. occasionally excludes items that are deemed to be necessities.
c. is commonly levied on labor services.
d. applies to wholesale purchases but not retail purchases.
b
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MFN status means that a trading partner is getting the best trade deal possible given current national trade policies
Indicate whether the statement is true or false
Under the EMS, Germany set the system's
A) monetary policy while the other European countries pegged their currencies to the DM. B) fiscal policy while the other European countries pegged their currencies to the DM. C) monetary policy while the other European countries kept their currencies fluctuating relative to the DM. D) fiscal policy while the other European countries kept their currencies fluctuating relative to the DM. E) monetary policy, while other European countries maintained their traditional policies.