Question 1: Summarize your understanding of both microeconomic and macroeconomic theory in a discussion of balance of trade.
Question 2: What are the economic factors that affect balance of trade?
Question 3: What is the effect of trade imbalances on national economies? On the global economic system?
Question 4: What economic forces and mechanisms work to maintain trade equilibrium? What works against it?
Question 5: How does the balance of trade affect the economic growth of individual nations?
Question 6: How does the balance of trade impact business decisions?