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Long-term household wealth

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1. Do multinational corporations (that operate in several countries) distort the "trade surplus/trade deficit" figures for the U.S. given that a portion of trade is intra-firm in nature?  Explain why or why not.

2. If "free trade" advantages richer nation corporations to the disadvantage of poorer nation firms, is this a new form of "protectionism"?  Explain why or why not.  Note:  You may need to access online sources to answer this essay.

3. Explain why "globalization" may well be related to "long-term household wealth" and the domestic "velocity of money" in the U.S. macro-economy.

Answers must be 1 page each and in APA format.

Reference no: EM131309460

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