Q.1. Use a 3-panel diagram to show how the number of firms, mark up and firm size would change in a closed economy if the demand for the particular good rose, i.e. the demand curve shifted out.
Q.2. It is often said that the prospect of EU membership made central European nations a better, safer place to invest. Using the Solow diagram, show how this would affect medium term growth in these nations. What sort of ‘footprints’ would this leave in the data?
Q.3. Write an essay that discusses and analyses the post 1989 growth experience of one central European nation.