1. Adam Smith argued against the mercantilistic and physiocratic views of his time. According to him, what can be the sources of enhancing national wealth? Explain them briefly.
2. Regarding the causes of the global financial crisis of 2007-09, a "regulatory capture" view has been suggested. Explain the concept with an example.
3. Explain the "triffin dilemma" under the Bretton Woods system
4. Explain briefly why the interest rates of U.S. government bonds (securities) has decreased even after the global financial crisis of 2007-09