ECONOMICS – Daily Answer Writing Challenge, July 1, 2014
1.Write on “dichotomy of development” and “urban bias” in Indian Economy. (150 words)
2.What is “crony capitalism”? How it compromises economic and social justice issues? Explain. (150 words)
3.Explain the concept of rational expectations. How does this view of how expectations are formed differ from the assumption that workers form expectations of current and future price levels based on past information about prices? (250 words)
