Based on all the items in Readings # 5 and #6, please respond to the following

Based on all the items in Readings # 5  and #6,  please respond to the following questions:
Respond to the following Qs in no more than two pages altogether (double spaced, 12 pt)
15 % of final grade for this course.
1)      Decribe “Transfers” (government to government).  Describe “Subsidy”. What are the main differences?
2)      Explain several rationales (pro and con) for each -at least two each,  e.g. pro and con.
3)      Describe how people have been confused or mistaken about difference between these two policies.  


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