If domestic savings is growing faster than domestic investment, the current account balance should be

If the agent has more information than the principal and there is only one state of nature, then

A) efficiency in both production and risk-bearing can be achieved. B) only efficiency in production can be achieved. C) only efficiency in risk-bearing can be achieved. D) neither efficiency in production nor efficiency in risk-bearing can be achieved.

Economists who are primarily responsible for advising Congress on economic matters work in which agency?

a. the Federal Reserve b. the Congressional Budget Office c. the Department of the Treasury d. the Department of Commerce