Discussion question(at least 150 words)

Discussion Question

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?