Discussion Question 1: "International Trade"
Discuss and compare:
• specialization
• absolute advantage
• comparative advantage.
Discuss two products for which the US has a strong comparative advantage.
Discuss two products for which the US has no comparative advantage.
Discussion Question 2: "International Trade and World Development"
Discuss the contributions that international trade has made to the strength of the US and world economies.
Discuss some disadvantages of trade.
Discussion Question 3: "Federal Reserve Monetary Tools"
What are the Fed's "normal" Monetary Policy tools?
What non-standard Monetary Policy tools did the Fed employ during the 2007-2009 recession?