this is a research essay paper that answers 3 questions with an 800-1000 words for each answer
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the questions are
1.“While imperfect, economic benefit-cost analysis should be the basic test of the viability of a development project and thus should be a principal criterion for project evaluation.” Do you agree or disagree? Discuss critically.
2 “More than other recent world events, such as 9/11 or the global financial crisis, the ongoing global COVID-19 pandemic is likely to tilt decisively the balance away from the market and back toward the state for many years to come rather than just transitorily.” Do you agree or disagree? Discuss critically.
3.Joseph Stiglitz has quipped that Adam Smith’s ‘invisible hand’, which purportedly ensures that the decentralized behaviour of individuals in the market system leads to the social good, is invisible, because it doesn’t actually exist.” Do you agree or disagree? Discuss critically.