1.2. a. When a drought hits a country and a famine is possible, what probably fall more:...

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1.2.

a. When a drought hits a country and a famine is possible, what probably fall more: the demand for food or the demand for haircuts? Why?

b. Who probably uffer more from a deep drought: people who own farms or people who own barbershop ? ( ote: The answer i

on page 164 of Sen's summary of his life's work, Development as Freedom.)

c. Sen emphasizes that "lack ofbuying power"

is more important during a famine than

"lack of food." How does Sen's barber story illu trate this?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 02:00 AM

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1.2. a. When a drought hits a country and a famine is possible, what probably fall more:...

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Modern Principles Macroeconomics

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