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Unformatted text preview: [15 marks] 2. (a) Explain the relationship between the Lorenz Curve and the Gini CoefFcient. [10 marks] (b) Evaluate the effectiveness of the various methods that governments may use to redistribute income. [15 marks] 3. (a) Explain the concepts of trade creation and trade diversion. [10 marks] (b) Evaluate the advantages and disadvantages of joining a trading bloc. [15 marks] 4. (a) Explain two signiFcant barriers to economic growth in LDCs. [10 marks] (b) Evaluate strategies that may be used to overcome the two barriers identiFed in (a). [15 marks]...
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This note was uploaded on 02/12/2010 for the course ECON 201 taught by Professor Smith during the Spring '10 term at Whittier.
- Spring '10