Watergate was a test of the balance of powers. This happened without bloodshed. Can you name another time in history where a conflict was resolved in the courts and not in the streets? When are the streets a
a valid and positive method of dissent?

Mankiw attributes – chapter 1 and his 10 principles – differences in living standards within a countryover time and across countries at a moment in time to: a. the presence or absence of inflation and unemployment.b. the allocation of resources between private markets and the public sector.c. those that have dealt successfully with the efficiency v. equality tradeoff and those that haven’t.d. differences in productivity.e. ones that think at the margin and respond to incentives and those that don’t.