According to the twin-deficit problem
A. Greece's government budget deficit weakened aggregate demand
B. Greece's government budget deficit should have eliminated its current account deficit
C. Greece's government budget deficit contributed to its current account deficit
D. none of the above
Ans: C. Greece's government budget deficit contributed to its current account deficit
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Over the past two decades the U.S. balance on current accounts has
a. been in deficit b. generated surpluses c. been very erratic, swinging from deficits to surpluses to deficits d. essentially been in balance e. declined in importance compared to the balance on capital account
Several states require cosmetologists to undertake 1,500 hours or more of training in order to obtain a license to provide hair styling or braiding services. This is an example of
a. antitrust legislation. b. government action that promotes competition. c. a barrier to entry d. the legal structure that is required for the operation of price-taker markets.