The Economics of '21st Century Socialism'

Using a supply and demand diagram, illustrate the expected impact of government-imposed price controls on a basic good like flour, showing the creation of a shortage.

Explain the mechanism and stated purpose of Venezuela's multi-tiered currency exchange rate system (CADIVI) established in 2003.

Analyze the government's decision to expropriate a major foreign-owned agricultural company using a Positions vs. Interests framework for the government, the company, and farmworkers.

Apply a simplified Cost-Benefit Analysis framework to the 'Misión Barrio Adentro' health program, identifying its primary benefits and costs.

Given a simplified dataset of oil revenues and social spending, calculate the opportunity cost of allocating funds to the 'Misiones' versus reinvesting in oil production infrastructure.