1. Using a supply and demand chart, show what happens to an entire economy if new financial capabilities are added for consumers and credit becomes more accessible and available. Also explain what happens in a few sentences.
You can draw your answer and take a picture.
2. Using a supply and demand chart, show what happens to an economy’s industrial sector when oil prices go up. Assume oil is a required input of the industrial sector and that this particular economy is dependent on foreign oil. Also explain what happens in a few sentences.
You can draw your answer and take a picture
3. Describe the concept of dollar voting and how this coordinates activities in an economy.
4. Discuss the pros and cons on state owned entreprises and government ownership of factors of production.
5. Discuss the role of private property rights in the development of an economy.
6. Discuss the differences between the International-Dependence Revolution and the The Neoclassical Counterrevolution: Market Fundamentalism
7. Describe the Big Push concept in economic development. Discuss why this concept is important or not important
Please use your own words, no references required.
