Supply-demand and price controls

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Reference no: EM13148509

Columbia and Afghanistan have substantial drug trades. The economic realities of the drug trade have resulted in drug crops receiving a large allocation of the total farm production in these nations. The social consequences of the illicit drug trade are problematic, but they seemingly do not exceed the perceived benefits.

Answer the following questions:

o How do supply, demand, and price controls interact to affect farm production in Columbia and Afghanistan ?

o How does the illicit nature of drug imports from Columbia and Afghanistan affect consumer behavior?

o How might providing food stamps to women and children in these countries affect illicit exports?

Reference no: EM13148509

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