Interest payments as a percent of GDP reflect the level of taxation (average tax rate) required to service the public debt.
Answer the following statement true (T) or false (F)
True
Economics
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Which of the following statements concerning tariffs is NOT true?
A) A tariff results in a deadweight loss. B) A tariff creates revenue for the government. C) A tariff decreases international trade. D) A tariff leaves the price of imports unchanged.
Economics
________ of a foreign bank operates in the U.S. but cannot accept deposits from domestic residents
A) An agency office B) A universal corporation C) A McFadden corporation D) A Basel branch
Economics