political science midterm problems

 political science midterm problems
Go to the very down and look at MIDTERM questions 3&4, please answer the two questions separately (each 275 words)by using personal argument and references from the website. Please take a look of the relevant resources and references on this website, the answer should not be in own words and not deviated from the readings and lecture notes on the website.
 The TWO questions:
 3) What are the major economic justifications for state intervention used by mercantilists and what are the major types of problems with state intervention as they pertain to international political economy?
 4) Explain the liberal perspective on markets and the state with specific reference to the Keynes/Hayek debate. Why are the differences between them vital for understanding contemporary international political economy?

 

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