I've tried this card before. I had +2 Buys because I was lazy, but whatever.
I'm very sure that this card is balanced, since each effect is weaker than a $2 card, and you get to choose the effect. But it's somewhat unsatisfying to play. If you only have one, you often just play it for +$2, or +2 cards. If you have 2, well you want to play both, so you play one for actions, and then you play the other, and the end result is that you played 2 Pawns but with less flexibility.
I think the reason I didn't like playing the card was that it felt far too restrictive, whereas with Pawn there wasn't a similar feeling. Sometimes you just want +1 Card +1 Action; this doesn't quite give it.