Econ. News

Mankiw is a Harvard professor who has written numerous books on economics, including many textbooks university students use throughout the world.

1. Mankiw describes trade deficits with an analogy related to how he spends money in his personal life. What were his imports and exports? Is this a good or poor analogy and why?

2. Why is Trump incorrect or misinformed about his philosophy on trade deficits?

3. Why would the US have a tendency to have trade deficits?

4. How does a strong dollar impact the US trade deficit?

5. What will happen to the US dollar when US interest rates rise?

Mankiw -Trade https://www.nytimes.com/2018/10/05/business/surprising-truths-about-trade-deficits.html