The policies of the World Bank and the International Monetary Fund are supported by O A. those who favour a hands-off view. OB. the "No-Left Alone, Markets Fail Often" camp. OC. those who favour a hands-on view. OD. anti-globalization critics.

Which is NOT TRUE regarding the diffusion of the printing press and printed books in Europe? O It helped the free exchange of ideas. O It helped facilitate the Italian Renaissance. It increased the importance of clergy in the production of knowledge, since they owned the presses. It helped destabilize traditional society. O Printing brought literacy to adults, especially males as female literacy lagged far behind.

What are the effects of globalization on food security? A. Supermarkets are so far the only way in which food and agriculture have experienced globalisation. B. Developing countries need to create publicly-owned food reserves in order to realise the potential benefits. C. Wealthy countries subsidies and trade barriers make it difficult for developing countries to take advantage of the potential of globalisation for advancing food security. D. World Trade Organisation rules do not cover agriculture, so globalisation really has no bearing on food security.

4. Assume a two-country two-good two-input model. Let the countries in the model be Vietnam andMyanmar and the goods be shirts and natural gas. The two factors of production are labor and land.Further, Vietnam is labor-abundant and shirts production is labor-intensive. Suppose, in the absenceof trade, Vietnam operates at a point on its production-possibility curve where it produces andconsumes 20 units of shirts and 25 units of natural gas. Once it engages in free trade, the internationalprice of one unit of natural gas is .8 units of a shirt. In response to the opening of trade, Vietnammoves along its production-possibility curve to a new point where it produces 100 units of shirts and10 units of natural gas. Assume that with free trade, Vietnam chooses to consume 52 units of shirtsand chooses to trade all of its remaining surplus of shirts.a. Demonstrate the gains to trade for Vietnam.

1.What best explains the “Rise of the West” that is, the economic, political andmilitary ascendancy of Western Europe and its offshoots (United States etc) inthe world economy after 1800? Discuss.2.“The Industrial Revolution that began around 1800 has been the biggest andfastest transformation of production in the entire history of the world.” Discuss.3.“The roots of both modern global economic prosperity and poverty (the so­calledGreat Divergence) are in the Industrial Revolution that began in the late 18thcentury.” Discuss.4.“The rise of the industrial economies based on technological progress and theIndustrial Revolution since 1800 is the central event of modern history. Nothingelse even comes close. This has affected the world in this period more than allother social and political changes taken together.” Discuss.5.Have the economic and…

Please do questions d - e - f

3.  In the Ricardian model of trade, which of the following statements is false?A. The consumption possibilities frontier is the same as the production possibilities frontierin autarkyB. Two countries will trade so long as they each have comparative advantageC. The introduction of trade leaves the production possibilities frontier unchangedD. Trade may not lead to complete specialization

Did the COVID-19 pandemic create new globalization opportunities for growth in yourCaribbean territory? YES/NOBased on your answer, write an answer that identifies those accepts that contribute to thegrowth, expansion and advancement of your local economy. On the contrary, if you do notbelieve that new opportunities were created, write an answer that identifies those acceptsthat negatively contributed to the negative growth, contraction and deceleration of our localeconomyPlease explain

Why is a country better off not isolating itself from all other countries? • Why do wehave markets, and according to economists, what roles should government play inthem?

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