Monthly Archives: February 2014

Who exports what to who? http://atlas.media.mit.edu/explore/tree_map/export/usa/all/show/2010/ Click on the above link and complete the task below: Wine is what fraction of Chilean exports? And Chile represents what fraction of world trade in wine? And how has that share been growing … Continue reading

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Market failure is the misallocation of resources resulting in either no equilibrium or an undesirable equilibrium from the perspective of society. ┬áIs there one panacea governments can introduce to increase economic and social welfare or is it a combination of … Continue reading

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