Q1. The world's poor countries have made as much progress in health and education in a generation as the rich world did in a century.

a. Discuss whether this assertion means that we should no longer refer to these countries as developing. (5 points)

b. Analyze the policies a developing country could adopt in order to improve its world economic ranking. (5 points)

Q 2.Explain why domestic producers who supply a good that competes with imports would prefer an import- substitution approach to trade policy rather than an export-promotion approach. Which policy would domestic consumers prefer and why? (5 points)