1. It is being argued that Chinas economy is unbalanced. Provide reasons why this might be the case and explain how this may affect future growth.2. Free trade leads to optimal outcomes and therefore intervention in trade is not justifiable. Critically evaluate this assertion.3. To what extent does the institutional framework explain differences in growth and development between nations in the global economy?The questions to be structured as follows:a) Introduction (200 words)b) Critical review (1100 words)(to include minimum of 3 citations in each question, in this section its important to provide original and critical contents throughout this section. Must present real life examples or cases.)c) Conclusion (200 words)d) References (minimum 6 per answer Harvard style)Each question should be 1,500 words. All questions will require explanations.