>> Business Economics
1. Explain why globalization is good for the United States. What are the drawbacks of globalization for our economy?
2. We run huge trade imbalances with two countries. Explain the cause of the imbalances.
3. What is the economist's case for free trade?
4. What is meant by our balance of payments? Explain what current account and capital account are.
5. What is the gold standard? How does it work?