1. In what way is Warren Buffett's plan the equivalent of a tariff? What would be its likely impact on American consumers?
2. What would be the likely effect of Mr. Buffett's plan on U.S. exports?
3. How would Buffett's plan likely affect saving, investment, and interest rates in the United States? The value of the U.S. dollar?
4. How would the ‘‘bonus'' ICs affect the U.S. trade deficit?
5. Buffett's plan focuses on the U.S. trade deficit. What would be its likely impact on the U.S. current-account deficit?
6. What are some possible costs of Buffett's plan?