(Answered) 1topic when you travel to south america you encounter

Economics

1.Topic: When you travel to South America, you encounter countries that have a vast amount of natural resources, and very large labor forces. However, despite an abundance of these resources, you also see a lot of poverty. Can you provide an economic explanation of why poverty exists?

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M91787999
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question firms producing different products have some

Question: Firms producing different products have (some) ability to set prices for their products. What are some factors which allow firms to attain these monopoly profits (sometimes called monopoly power or monopoly ren ...

Question - a 1000 utility bond with 14 years remaining

Question - A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current mark ...

Production cost analysis and estimation applied problems

Production Cost Analysis and Estimation Applied Problems - Please complete the following two applied problems: Problem 1: William is the owner of a small pizza shop and is thinking of increasing products and lowering cos ...

Question competitive firms located in lesotho africa sell

Question: Competitive firms located in Lesotho (Africa) sell their tube socks only in Europe and theUnited States (which do not produce the good themselves). The industry's supply curve isupward sloping. a. Show the init ...

Question describe the effects of employment discrimination

Question: Describe the effects of employment discrimination on wages. How could this impact ones business decisions in relation to labor costs? The response must be typed, single spaced, must be in times new roman font ( ...

Question consider the technology represented by y x104

Question: Consider the technology represented by y = (x_1)^0.4 (x_2)^0.6. The marginal products are MP_1 = 0.4/x_1 and MP_2 = 0.6/x_2. We now consider the problem of cost minimization. Write the problem of cost minimizat ...

Discussion questionsquestion 1 what are the main reasons

Discussion Questions Question 1: What are the main reasons why Nigerians living in extreme poverty? Justify. ( 7) Question 2: Why GDP per capita wouldn't be an accurate measure of the welfare of the average Nigerian? Exp ...

Question -you have a full-time job but you decide to go to

Question - You have a full-time job but you decide to go to a college and be a full-time student. What is your total economic cost to be a full-time student? Provide and discuss two items of explicit cost and two items o ...

Question one of the big differences between the national

Question: One of the big differences between the National Football League and Power Five conference college football is that professional athletes receive payment for their services while collegiate athletics is strictly ...

Question when using ols we assume that the errors are

Question: When using OLS, we assume that the errors are independent (i.e., not serially correlated) and normally distributed with constant variance (i.e., homoscedastic). These assumptions allow us to use the F and t dis ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Macroeconomics Expert