What Two Measures of Macroeconomic Activity Are Often Referred to as the "Twin

question 206

Multiple Choice

What two measures of macroeconomic activity are often referred to as the "twin deficits"?

• A)net capital flows and net exports
• B)the foreign exchange deficit and net foreign investment
• C)the budget deficit and the trade balance
• D)the saving-investment deficit and the export deficit

Identify the roles and obligations within an agency relationship, including those of agents and principals.

Distinguish between different forms of authority (express, implied, and apparent) in establishing an agency relationship.

Understand the legal and practical distinctions between employees and independent contractors, including their different legal implications.

Recognize the significance of written documents, such as power of attorney, in granting authority to agents.