it is a true or false question.please answer correctly
2006-12-04 01:34:00 · 3 answers · asked by damilola a 1 in Social Science ➔ Economics
false question...
by definition, twin deficits concern public deficit and trade deficit, or if a country has a closed economy (no trade with other countries) there can't be any trade deficit
2006-12-04 03:50:50 · answer #1 · answered by Alexi 2 · 0⤊ 0⤋
Yes, it is possible. USA, an open economy, is a good example right now where the deficit is mounting day by day. India, a mixed economy, is another example with huge deficits. There are other rigidly state controlled economies too with similar deficits!
2006-12-04 01:51:42 · answer #2 · answered by Sami V 7 · 0⤊ 1⤋
False. Close economys can't have current account deficits because they do not have current accounts.
2006-12-05 11:03:46 · answer #3 · answered by diego_isasi 2 · 1⤊ 0⤋
false
2016-10-28 21:56:05 · answer #4 · answered by ? 7 · 0⤊ 0⤋
true
2016-10-31 20:01:08 · answer #5 · answered by maha 7 · 0⤊ 0⤋