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Economics Mcqs
Q
What is fiscal federalism ?
AA. A fiscal system for a group of countries in which fiscal policy is set in a treaty signed by all the countries
BB. A fiscal system for a group of countries in which government budget deficits are strictly limited
CC. A fiscal system for a group of countries involving a common fiscal budget and a system of taxes and fiscal transfers across countries
DD. A fiscal system in which fiscal policy is jointly determined by local and national politicians
Correct Answer:
C. C. A fiscal system for a group of countries involving a common fiscal budget and a system of taxes and fiscal transfers across countries
