Discuss about trade deficit and international exchange rate system.
The United States currently runs a significant trade deficit with the rest of the world. Research an academic journal article regarding some of our trade balances with specific countries and share what you find. For example, with whom do we run the largest deficits, with whom do we have surpluses, etc.? Do you think it is a problem if we run a trade deficit? Why or why not? In answering, keep in mind what impact a trade deficit has on other parts of our balance of payments.
In recent years, Greece has had significant economic troubles. How have things been made more difficult by the fact that they use the Euro? In other words, what might they have been able to do differently in the past few years if they still controlled their own currency? Overall, what are the benefits of European Union membership and do they outweigh the negatives for Greece? Why or why not? Make sure you utilize academic journal article(s) to support your answers.
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