Please answer the following questions!

1. What's the budget process in the Constitution? How does that compare to what we actually do today?

2. How does the Federal budget break down among interest, mandatory, and discretionary spending? What are major mandatory and discretionary items?

3. What are some of the things that started during the Progressive Era, and how do they fit with the modern and traditional views of the Constitutional powers of Congress? How do we get a movie about the Progressive views on money?

4. What do we know about the accuracy of the Balance of Payments? What impacts does it have on a country when it has a trade deficit? How is a deficit funded?

5. How do exchange rates relate to prices of goods? What should a trade deficit do to your exchange rates?

6. Explain the benefits and costs of NAFTA, explain why everybody thought it needed updated, explain what's new in the USMCA. Why isn't the USMCA in effect?

7. Why do some people argue for tariffs and others argue against tariffs? Examples, please.

8. Is China bad? In general, how do countries manipulate trade with other countries?

9. What are the reasons economists like competition? How does monopoly interfere with those things? How does the concept of consumer surplus allow economists to conclude that monopoly is bad for sociey?

10. Explain how oligopolies behave and why they have to collude or they lose.

11. How does the Constitution let the government control monopoly? What are the limits?

12. Explain the parameters of the three basic anti-trust laws. Was this Progressive era legislation? Can you sue under the laws? What role did Teddy Roosevelt play in this?

13. Explain the Standard Oil anti-trust case, and how it changed all future anti-trust.

14. Why are the Clayton Act and Federal Trade Commission Act necessary?

15. Explain what happened to Microsoft in the US and Europe with anti-trust, who has replaced them as the bad guy and why, and how anti-trust applies to sports leagues.