Final Exam Due date: Friday, Dec. 17th. 1. In which way and why did the economic trajectory of Latin America nations was different from that of Asia pacific developing nations after WW II? 2. What are the advantages and disadvantages to the United States’ economy from the Bretton Woods system [focus only on the period until the 1970s]? 3. How do governments after the World War II were adjusting the role they played in the economy? Did it change in the early post-war period (before the 1970s) versus the later period (1980s-2007)? 4. Do technological innovations affect demand of a particular good or service, supply of some goods or services or both demand and supply? Give an example(s) when technological innovations in one or a few areas affected the economic trajectory of a nation. 5. (extra credit) What are the root causes of the Great Recession? How and why did the financial crisis of 2007–2008 evolved into the Great Recession?