It has been argued that climate is a predominant explanatory variable in income distribution in the sense that nations along the equator are poor while those in cooler climates are rich. Can you explain why this might make sense?
Answer to relevant QuestionsWhy might a policy that simply forgives $40 billion of debt not benefit those nations whose debt is forgiven? Would this policy and the incentives created say anything about the policy response to the “subprime mortgage” ...In this and the last chapter it was noted that “Profit opportunities attract firms like sharks to blood.” ExplainGive an example of an externality between firms, between customers and firm, and between suppliers and firm? Why does corruption negatively affect economic growth and standards of living? Why is corruption like a tax on doing business?What is meant by “supply chain”? Explain when a firm should bring its supply chain in-house. Explain when a firm should leave its supply chain external.
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