Economic growth in a PPF is shown as a movement down/right along the frontier. a. True b. False

Explain why converging economies may present a strong argument for limiting flows of capital but not for limiting trade.

The source for this dataset is The World Bank.  data.worldbank.org/indicator/NY.GDP.PCAP.CD(a) In 2022, what are the 6 richest countries in the world?(b) In 2022, what are the 6 poorest countries in the world(c) In 2022, how many times richer is the average person of the richest country thanthe average person of the poorest country in the world?2. For the countries that have data for 1960, compute the average ANNUAL growth rate ofper capita GDP between 1960 and 2022.(a) What 5 countries have grown the MOST over this period? What are their growthrates?(b) What 5 countries have grown the LEAST over this period? What are their growthrates?3. Write down some of your thoughts about WHY some countries are rich and some countriesare poor.

Do you believe the global village concept has been realized? If you do, why? If you don’t, given the nature of developments in the world today, do you have an idea of when we might see the fruition of the global village concept?

It is said that "global economic integration is not a choice, it is an imperative." What do we mean by this? Share your insights.

Why and how did Hirschman argue that by putting things the wrong way around, by actually creating disequilibrium, economic development could be promoted?

Question 9 The diagram below shows two production possibility frontiers for a country. Consumer Goods A B C D A A to C B to C C to D D to E B C E D Which of the following is most likely to represent an increase in short run economic growth. A movement from Capital Goods

How could a country shift its production possibilities curve to the right through improved technology?

Intellectual property and patent laws vary greatly in developing countries. How wouldyou propose to protect your products in a developing country with a large populationwhere the CEO of a generic pharmaceutical manufacturer states: “The U.S. wouldgrant a patent on a piece of toilet paper. Just because the U.S. granted a patent doesn’tmean it should be valid in our country.”

Countries that are at the technological frontier must __________ to increase living standards and therefore these economies tend to grow __________ relative to countries that are below the technological frontier. a) adopt technologies, slower b) innovate, faster c) innovate, slower d) adopt technologies, faster