1. Where does the US Economy rank in Economic Freedom? (Refer to the table 1.1 in the Chapter 1) Note whether or not you find the ranking surprising. The book shows the ranking for 2021. Please check the website https://www.heritage.org/index/ranking to get the most recent year available. Comment on how the US has moved up or down in the ranking over the past year and note what may have caused this change in ranking.
2. How important is International trade to the US Economy? How does that compare to other nations? Refer to the table 1.2 in Chapter 1 that shows the ratio of Exports to GDP for a number of countries.