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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Foundations Of Economics

ISBN: 9780135897478

9th Edition

Authors: Robin Bade, Michael Parkin

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