Discuss the concept of International Trade and the gains countries make from engaging in trade with other countries.
economics
Description
ANSWER
ANY TWO QUESTIONS (30 MARKS EACH)
1.
a.) Discuss the concept of
International Trade and the gains countries make from engaging in trade with
other countries.
b.) How can policy
makers affect the amount of trade and what are the costs and benefits of these
policies in the face of COVID-19?
2.
How does wage rigidity create unemployment in
a country and what are the reasons for wage rigidity?
3. Government
Debt has become a difficult issue for countries in Africa. In your estimation,
can Ghana continue to borrow in its current momentum? Suggest ways the
government of Ghana can achieve debt sustainability in the medium to long term.
4. Outline
the economic impact of COVID-19 in Ghana and critically analyze the governments
interventions and make suggestions where necessary.
