answer three business questions

Answer ONE QUESTION FROM EACH BLOCK,three questions in total.No individual answer may exceed 400 words in length.The total wordcount for all answers may not exceed 1200 words.You need in text citations as supports, no reference lists are needed.

1. Answer one of the following questions in no more than 400 words.

A.1.How successful is the price mechanism at transmitting information between

buyers and sellers?

A.2.To what extent can we assume the’rationality’of economic agents?

BLOCK B

Answer one of the following questions in no more than 400 words.

B.1.Should governments seek to prevent natural monopolies?Explain the

reasons for your answer.

B.2.Is it fair that cleaners typically get paid less than train drivers?Explain the

reasons for your answer.

I BLOCK C

Answer one of the following questions in no more than 400 words.

C.1.Should governments seek to reduce unemployment below the natural rate?

Explain the reasons for your answer.

C.2.Can protectionist trade policies ever be justified?Support your answer with

one or two real-life examples.