An increase in savings leads to an increase in long-term income if the savings is earning interest, but takes away from immediate spending ability in the short-run.
The answer should be monastery
A power that is NOT shared by both the Federal and state governments:
A.) Borrow money
According to the Constitution, Congress alone has the power to borrow money on behalf of the United States. (Article One, Section Eight)
Answer: International trade
Explanation: Beginning in the late 1970s, China reversed the Maoist economic development strategy and, by the early 1980s, had committed itself to a policy of being more open to the outside world and widening foreign economic relations and trade.
