Author Question: With respect to deficits, __________.? A) A state cannot have a budget deficit and a trade ... (Read 32 times)

j.rubin · **on:** Sep 4, 2018

With respect to deficits, __________.?

A) A state cannot have a budget deficit and a trade deficit at the same time.
B) If a state has a trade deficit, it must have a budget deficit.
C) A state can have either a budget deficit or a trade deficit, but not both.
D) A state can have a trade deficit without having a budget deficit.

Question 2

The fact that supply and demand do not always produce stability is demonstrated by the wild swings in the price of __________.

A) automobiles
B) steel
C) food
D) oil