10A)What are the costs and benefits of a single currency union?;B)In order to sustain our trade deficit, we must rely on the world?s willingness to hold our currency and invest in US assets. What are the problems associated with a chronic trade deficit? What additional worries and risks are arising in the recent trend in who is holding our currency reserves.;C)What effect has globalization had on the ability of firms to specialize? Discuss at least three effects. How has this affected the competitive process?
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