1. Outline the economic arguments for and against the free migration of labor into the U.S. Avoid advocating for one side or other of the argument.

2. This question is about the balance of payments accounting. (i) How is the balance on the current account calculated?(ii) How is the balance on the financial account calculated? (iii) Why does the US have a current account deficit? (iv) What role do national rates of saving and investment play in causing a current account deficit? (v) What role do the U.S.'songoing government budget deficits (taxes < government spending at the federal level)have in maintaining our current account deficits from year to year?

Book link: https://www.academia.edu/33824321/economics

Please, utilize chapter 15 and 16 in the book.

I will use this to study for my economics class

Please, respond lengthy and thoroughly.