Instruction
HI, I need someone to follow the instructors each question in one paragrhg and for the second section i will give u a topic to write about in one page.
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1_Why has income inequality increased? Give three reasons to explain this trend. Is income inequality the cause of poverty? Why or why not? Is income inequality beneficial or detrimental to the economy? Why or why not?
2_Describe two distinct causes of the financial crisis of 2008. Identify three major U.S. firms that either failed or were bailed out by the U.S. government. Do the firms that you identified still exist today? Why or why not?
3_Describe the impact that the Smoot-Hawley Tariff of 1930 had on the U.S. economy and on U.S industries. Be specific.
4_Explain two arguments in favor of free international trade.
5_Explain two arguments opposing free international trade.
6_List and describe 5 different kinds of trade restrictions that a country can use.
7_What is absolute advantage? What is comparative advantage? Give an example that illustrates each in terms of international trade.
_Section 3: Reflective Essay
A reflective essay question (1/2 to 1 page in length) will conclude the exam. You may complete this part of the exam ahead of the exam or complete it in class along with the rest of the exam. If you choose to complete this ahead of the exam, your answer must be typed using double-spaced, 12 point Times New Roman font and turned in along with your exam. The reflective essay will be worth 10 points.
The topic ''Renewables vs Nonrenewables " Provide one example of how this economic concept could be applied in your intended career field as AN ENERGY ENGINEERING
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. DUE AFTER 9 HOURS.