Economics Question & Answer, Describe Rostow’s stages theory of economic growth. 2. What is meant by the term neoclassical counterrevolution? What are its principal arguments? 3. Economic growth is often said to be a necessary condition to eliminate poverty.

Economics Question & Answer, composed of five written-response questions. Your response to each of the five questions should be approximately 150–250 words.

composed of five written-response questions. Your response to each of the five questions should be approximately 150–250 words

1. Describe Rostow’s stages theory of economic growth.

2. What is meant by the term neoclassical counterrevolution? What are its principal arguments?

3. Economic growth is often said to be a necessary (but not a sufficient) condition to eliminate poverty. Explain.

4. Explain the Kuznets inverted-U hypothesis.

5. How does microfinance differ from other forms of finance? How successful has it been in providing capital to poor households for self-employment activities?