Suppose that Bananaland is the worlds largest grower of bananas. Bananaland plans to double its population in
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Suppose that Bananaland is the world’s largest grower of bananas. Bananaland plans to double its population in 3 years by hiring well-educated people from the United States. To increase the number of entrepreneurs, Bananaland encourages anyone with $1 million to immigrate. Explain the influence of these events on Bananaland’s labor market and land market.
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