1. What information do you use for a company to see what competitive advantage it has with comparable companies? do you use financial statements? if so, which ones. Please give an example with a target company and three comparables with two or three years of information.
2. The United States has run persistent trade deficits since the late 1970s, while Germany has had trade surpluses since the 1990s. Is either position inherently good or bad? Explain.
3. Is the occurrence, in the U.S., of high budget deficits and trade deficits a coincidence? Explain.