Open-ended Questions (120 Points) 1. [20 pts] Political economists like T. R. Malthus suggested that world-level food production could not keep up with the growth rate of the human population. What are two examples of mechanisms developed or implemented by humanity in history to overcome this challenge? 2. [20 pts] What is poverty? Why do we measure it? How do we measure it? 3. [20 pts] Regarding international food trade, who benefits and who loses from increasing food prices? 4. [20 pts] What are globalization's positive and negative aspects? Give two examples of each case. 5. [10 pts] Does economic growth unequivocally lead to economic development? Yes or no? Explain why. 6. [10 pts] Why does the demand for food tend to be inelastic in developed countries? What is the name of the economic law directly connected to this regularity? 7. [10 pts] Although human consumption of cereals in developed countries has reduced through the years, the overall demand for the crop has increased. Why is this happening? Using the concept of supply and demand, explain why this has led to an increase in prices. 8. [10 pts] What are the economic and environmental costs of food waste? Part 2