Country has no financial markets

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Q1. If the marginal cost of planting and harvesting an acre is $7000 per acre for each of the five acres, how many acres should the farmer plant and harvest?

Q2. You are asked for advice by the government of a small, less developed country interested in increasing its rate of economic growth. You notice that the country has no financial markets. What advice would you give?

Reference no: EM136462

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