6. Suppose that Bananaland is the worlds largest grower of bananas. Bananaland plans to double its population

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6. 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 Microeconomics

ISBN: 9780063076280

7th Global Edition

Authors: Bade, Robin;Parkin, Michael

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