What are the costs and benefits of a single currency union?
In order to sustain our trade deficit, we must rely on the world's willingness to hold our currency and invest in US assets. What are the problems associated with a chronic trade deficit? What additional worries and risks are arising in the recent trend in who is holding our currency reserves.
What effect has globalization had on the ability of firms to specialize? Discuss at least three effects. How has this affected the competitive process?