Economics knowledge required. It is my final project for the comparative economic systems class. There is a total of 27 questions to be answered using chapters 6,7 & 8 from the textbook I have attached in a pdf file below, NO OTHER SOURCES allowed: 10 questions correspond to chapter 6, 8 questions correspond to chapter 7, and 9 questions correspond to chapter 8. I have also attached a word file with questions to be answered below. Answer each question in a DETAILED paragraph or two. Assignment must be completed by the deadline.Questions Chapter 6 - JAPAN 1. Q. In what sense can Japan be viewed as a New Traditional Economy? How might this also not be the case? 2. Q. How do the “three sacred treasures” of labor reinforce each other? What trends in the Japanese economy may be leading to their disappearance? 3. Q. Distinguish between horizontal and vertical keiretsus. How do they both help and hinder the Japanese economy? 4. Q. Distinguish the J-mode of management from the H-mode. What are the advantages and disadvantages of each? 5. Q. Why has industrial policy become less effective in Japan recently? 6. Q. Why did Japan fail to surpass the United States in technological leadership? Can it become a world leader again? 7. Q. Will real acceptance by Japan of free trade lead to a loss of Japanese economic identity and a convergence with the U.S. model? 8. Q. What has been the role of the demographic decline in the slowdown of the Japanese economy? Can this be changed? 9. Q. What has been the role of the decline of land prices in the slowdown of Japanese economic growth? 10. Q. Will imitating the United States be the best approach for Japan to revive economic growth? Why or why not? Questions Chapter 7 - SWEDEN 1. Q. What are the different types of corporatism, and what are the advantages and disadvantages of each? What are the sources of wage drift, and how has it affected Sweden’s future prospects as a corporatist economy? 2. Q. What are the relationships between the EFO model, the Rehn-Meidner Plan, and wage solidarism? How do they reinforce or undermine each other, and what have been their economic impacts over time? 3. Q. Many observers argue that Swedish taxes are too high. Evaluate this argument. 4. Q. Is the equity-efficiency trade-off relevant for Sweden? 5. Q. It has been argued that Swedish macroeconomic policy is ultra-Keynesian. Evaluate this argument. 6. Q.