Modern scholars believe trade to be a bilateral interaction ...

[robinn137]

Modern scholars believe trade to be a bilateral interaction between countries.
 
  a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Greece has dealt with debt issues for years while simultaneously suffering from a stagnant, lagging economy. Some argue that Greece must slash spending and enact severe austerity measures. Others argue that these measures will make Greece's economy even worse by increasing unemployment. Explain both sides of this argument. Which do you agree with? Why?
 
  What will be an ideal response?

[asdfasdf]

Answer to Question 1

False

Answer to Question 2

High debt levels have been endemic in many developed countries since the turn of the
century, due in no small part to the 2008 global financial crisis. Greece, for example,
has perennially dealt with debt issues, and controversy still surrounds the tight fiscal
policies that the country is forced to enact to reduce its debt. Indeed, since 2009,
Greece has cut its total government spending by over 32 percent between 2009 and
2011 . These cuts have translated into massive layoffs of government employees,
decreased spending on social servicesincluding a 40 percent reduction in public
health expendituresincreas ed taxes, and higher ages for retirement.

[robinn137]

Both answers were spot on, thank you once again

[asdfasdf]

Great! Please up vote