The system of grants from one level of government to another is an example of fiscal federalism

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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Which of the following means that the CPI overstates the actual inflation rate?

A) new goods bias B) quality change bias C) outlet substitution bias D) All of the above cause the CPI to overstate inflation.

Economics

What do Baack and Ray (1983) find in their survey of U.S. tariff history?

(a) Tariff rates in the U.S. were low. (b) Tariff cuts were associated with the fast-growing industries. (c) The highest tariff rates in the U.S. were associated with the fastest growing industries. (d) The U.S. was a world leader in free trade policy.

Economics