This objective of this course are threefold - a) understand the two approaches and the concepts they use, b) apply these concepts within the neoclassical and political economy approaches, and c) analyze the real-world using the framework offered by the approaches. This assignment focuses on objective c). It requires you to make connections between concepts and the real- world, using these concepts and frameworks critically, and making connections across different topics we have discussed so far in this semester.

https://www.youtube.com/watch?v=3Sqm_v49zno&ab_channel=InsiderBusiness

According to the video, the typical price of for a pound of acai is $0.20. This is the price that workers (or the direct producers) receive whereas the price of a small bowl of acai in the U.S. is $7. Why do workers receive so little even though they risk their lives/health to harvest acai? (Hint: Think about the role of markets and governments)