Week 6 Assignment Deficit Balance International Economics (Essay Sample)

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Based on your class book Krugman, P., Obstfeld, M., & Melitz, M. (2013). International economics: Theory and policy (9th ed). Upper Saddle River, NJ: Prentice Hall, along with 2 additional outside references please answer the following two questions
QUESTION 1
As of March 2013, the U.S. deficit balance was $16 trillion. Why do think the U.S. government should be concerned? Should the government be equally concerned, if it were a surplus?
Your response should be at least 500 words in length.
QUESTION 2
What are the arguments for and against globalization? To what extent has globalization contributed to world economic growth?