Juan valdez, a coffee farmer in colombia, sells his coffee to cafe emporium, a u. s. firm which specializes in gourmet coffee blends. what must be true of this arrangement? when juan and other farmers in colombia sell their coffee beans to foreigners, they gain in the short run, but in the long run will only impoverish their nation as a whole. juan thinks he is better off with this contract, but in reality the wealthy american buyer is taking advantage of juan's naiveté. while this arrangement is good for juan, he would be even better off if the government had negotiated the contract because they could have gotten a better price for juan. all three of these statements must be true. none of these statements must be true.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

The answer is c) it has a lower cost to attend 

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