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List five major benefits of economic growth

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Question 1. Countries, individual companies and individual persons have become wealthy through the exploitation of other countries and individuals. Should reparation be made in cases such as those of African Americans or former European colonies? If so, what form should the reparation take?

Question 2. List five major benefits of economic growth. Now list five major costs.

Question 3. Is it mercantilist thinking to want to have a positive trade balance? How can countries such as the United States have steady economic growth and a high standard of living with negative trade balances year after year?

Question 4. Do the winners in the economic growth process share their gains with the losers?

 

Reference no: EM133551196

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