This power was written in Article 3 of the Constitution. ... The advantages of separating the branches of power are that no one party can be fully in charge of America. ... Other disadvantages are: the state courts have to follow the national law and keep the Constitution in mind when judging upon the people.
The most important economic truth to grasp about the U.S. trade deficit is that it has virtually nothing to do with trade policy. A nationâs trade deficit is determined by the flow of investment funds into or out of the country. And those flows are determined by how much the people of a nation save and invest - two variables that are only marginally affected by trade policy.
A trade deficit means that a country is consuming more than it produces, which requires borrowing from other countries. Both the Greek trade deficit and budget deficit rose from below 5% of GDP in 1999 to peak around 15% of GDP in the 2008â2009 periods.