Economist+Questions+for+this+week

=**Our Recommendations** =


 * 1. What can we produce to export? **
 * Our location on the island provides us with an abundance of produce that we are able to export to neighboring countries and between settlements. Some of these are: **


 * Cotton and flax: Cotton has many uses such as furniture padding, cotton swabs, draperies and are also used in the production of plastics and rayon. The leftover husks of the cotton can be used as feed for livestock. The other parts that make up the cotton seed can be used for flour and oil refining. It can also be used in the production of many industrial products. **


 * Fruits such as bananas, papaya, banana fig, white fig, breadfruit, coconut, red berry, walnuts, coconut palms and sugar cane. These can be exported to neighboring countries or trading within the settlements. To keep production going we will need to be mindful of how much we take and being sustainable with this produce. **


 * A range of seafood such as big eye, Snapper, Cod, Lobsters and Crab which can be found in the waters that surround the Island. **




 * 2. How will we earn the money as a settlement? **
 * Due to the exportation of the products above we will be earning an income through fair trade with other settlements and surrounding countries. Most vegetation and crops will be supplied by our settlement as it is placed in a dense rainforest where most vegetation grows. This will make up a high percentage of our earning. Therefore most of our income will be generated by trade. **


 * 3. How will we earn the money individually? **
 * As a settlement we have decided that our money will be earned together, since we would like to make joint decisions as to where the money will be spent. The tasks will be distributed fairly across the settlement in terms of maintenance jobs and therefore the income can be shared and equal amongst each member of the settlement. We believe the money should be shared amongst everybody in our settlement and we do not believe that everybody should get an individual salary. **


 * 4. Is there going to be a trade between settlements? **
 * Yes, we believe that there should be trade in order for each settlement to function well. As some settlements need resources that are not found in their own. If there was to be trade between settlements it will decrease the need to import materials from surrounding countries and therefore will be keeping our finances in our settlements higher. In other words, creating a stronger economy for everyone. **


 * 5. Are we going to have a currency? **
 * Yes we believe there should be a currency. We believe that this is necessary for our new settlements to establish themselves and to grow. Having a currency is mandatory if we were to import and export goods. Having a currency would make it easier when trading between countries. **


 * 6. What do we need to import? **
 * <span style="color: #800080; font-family: 'Comic Sans MS',cursive;">As we have many things that we would like to build/produce we would need to import a range of materials such as: **
 * <span style="color: #800080; font-family: 'Comic Sans MS',cursive;">Steel and Iron- This will be required in order to build our miniature train track. This will be used to transport goods. **
 * <span style="color: #800080; font-family: 'Comic Sans MS',cursive;">Animals such as cattle, horses, goats, pigs and chickens to be able to trade with other settlements as well as to keep for our food supply. **