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pexels-kulbir-11079217
pexels-kulbir-11079217
ANSWER ANY THREE (3) OF THE FOLLOWING SIX (6) QUESTIONS. EACH QUESTION IS WORTH
Home » Economics  »  ANSWER ANY THREE (3) OF THE FOLLOWING SIX (6) QUESTIONS. EACH QUESTION IS WORTH
ANSWER ANY THREE (3) OF THE FOLLOWING SIX (6) QUESTIONS. EACH QUESTION IS WORTH
ANSWER ANY THREE (3) OF THE FOLLOWING SIX (6) QUESTIONS. EACH QUESTION IS WORTH TWENTY (20) POINTS, FOR A TOTAL OF SIXTY (60) POINTS. THE ANSWER TO EACH QUESTION MUST BE BETWEEN 800 AND 1,000 WORDS. PLEASE SHARE YOUR WORD COUNT AFTER EACH QUESTION. THE WORD COUNT DOES NOT INCLUDE ANY REFERENCES, TABLES, OR CHARTS YOU MAY CHOOSE TO INCLUDE. NOTE: There is no “right” or “wrong” answer to a question. Your answers will be judged based on the quality of your analysis and reasoning, not whether you “agree” or “disagree” with the propositions in the questions. A high-quality answer will focus on concepts, arguments, and evidence (whether qualitative, quantitative, or both), and not on merely stating opinions that fail to be backed up by analysis. A high-quality answer will refer not only to the lecture videos but one or more of the suggested readings and/or additional references your own research turns up. 1_ “According to the ‘targeting principle’, an economic policy intervention should target the affected distortion directly. On this basis, a tariff is rarely the right policy response to a domestic distortion.” Do you agree or disagree? Discuss critically. 2_ “Technology, rather than trade, was a more important cause of the widening gap between skilled and unskilled wages in the US in the 1990s and beyond.” Do you agree or disagree? Discuss critically. 3_ Taking a leaf from Paul Volcker, Robert Mundell has argued: “A global economy requires a global currency.” Do you agree or disagree? Discuss critically. 4_ “Free trade may be mutually gainful to the countries that take part, but it is not necessarily fair to all the countries that take part.” Do you agree or disagree? Discuss critically. 5_ “The global financial crisis was the result of a regulatory failure by governments rather than by market failure.” Do you agree or disagree? Discuss critically. 6_ “Globalization is paradoxical because, while it leads to aggregate gains to all the countries that partake of it, it creates or widens gaps in income and wealth both between, and within, countries.” Do you agree or disagree? Discuss critically.

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