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ECONOMICS-2015: Daily Answer Writing Challenge -29

ECONOMICS-2015: Daily Answer Writing Challenge – 29

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  1. Distinguish between Currency Board Arrangement and dollarization. Why would a nation adopt one or the other?
  2. Can Kuznets’ hypothesis of inverted-U shaped curve be extended to environmental degradation? Explain
  3. Expand on the following three explanations for the Kuznets hypothesis about inequality and development –     i) cohort size hypothesis ii) effect of openness on inequality iii) strong versus weak version of the hypothesis.