Question: 1. The Biden Administration is proposing a major infrastructure plan to boost the competitiveness of the US economy against Chinese economy. See Biden: US needs

1. The Biden Administration is proposing a major infrastructure plan to boost the competitiveness of the US economy against Chinese economy. See "Biden: US needs to 'step up' with infrastructure plan, or China will 'eat our lunch'" published by Yahoo Finance on February 11, 2021. https://finance.yahoo.com/news/biden-us-needs-to-step-up-with-infrastructure-plan-or-china-will-eat-our-lunch-175020742.html How does an improvement in infrastructure, which produces a nontradable local service, make the U.S. economy more competitive in international markets where tradable goods are exchanged in the long run?

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