1. If trade surpluses do not increase production, then why do so many nations seek them? (After PFT)
2. Why has the United States, unlike so many other nations, been willing to accept a trade deficit for many years?
3. Why has China pursued a deliberate policy to keep its currency undervalued?
4. In addition to tariff reductions, what issues are now addressed in international trade negotiations?
5. Why are international trade agreements seen as eroding national sovereignty?
6. What is the most basic and essential element of national sovereignty?
7. What penalty is imposed on a nation that breaks the trade rules enforced by the WTO?
8. What policy could a nation adopt to ease the burden of that penalty?
9. What are some of the problems in today’s economy that are blamed on “free trade”? (Multinationals)
10. What special privilege is granted to corporations? Why is this so useful to them? (Multinationals)
11. What are some factors that can make a large corporation less efficient and profitable?
12. Historically, which has come first, higher wages, or higher worker productivity? Is this changing today?
