One point that made me think differently was how governments can improve market outcomes by things such as enforcing property rights. I never thought about how having cops around can repel criminals and help everyone have a sense of security. Such as when you leave your house in the morning you don't think about someone mugging you as you walk out the front door. However in some countries it is clear that the government could held improve market values by enforcing property rights. Places such as Nicaragua where you see farms with armed guards to protect the harvest is a clear sight that the government could help enforce property rights.
A new question that I have about the US's economy is if our standard of living will go down with more of our products being made in China. With so many of our daily necessities being made in China or other countries around the world and jobs continuing to be sent overseas I wonder if we will see the US's standard of living begin to go down.
