Q.1)Is the Gross Domestic Product (GDP) concept a good measure of wellbeing (welfare)? Compare the welfare of any two countries using GDP per capital and the United Nation’s Human Development Index (HDI)
Q.2)Explain Keynes’ view on the stability of the market economy. How realistic is this assessment? Use the example of any three countries to highlight your answer.
Q.3)Explain the theory of comparative advantage. List the assumptions of this theory. How realistic are these assumptions? Your answer should assess any four (4) of these assumptions. Briefly explain the implications for international trade of your assessment of these assumptions?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here