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Americans purchase a lot of coffee grown in Brazil and elsewhere in Latin America. It would seem that in order to avoid the huge transportation costs of bringing coffee here and to provide jobs for Americans, we should grow coffee in the USA (excluding Hawaii, where they already grow coffee). No doubt, Americans have the technology to grow it here, even though the weather in the USA is not ideal for this particular crop. However, growing coffee would provide jobs and there even would be new technology jobs for those making the kind of equipment that would make coffee growing possible.
If you were an economic adviser to the president and someone made this suggestion, what would you say in response to this proposal?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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