suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana.  Which assumptions could be made to simplify the study?  Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2.  focus on just the crawfish-and catfish-farming industries in Louisiana 3.  determin the effects while holding the infrastructure and factors of production constant 4.  track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5.  compare the change in prices for all goods

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana.  Which assumptions could be made to simplify the study?  Note that not all statements may be placed.

1. consider the effects on all of Louisiana's interstate trade partnters

2.  focus on just the crawfish-and catfish-farming industries in Louisiana

3.  determin the effects while holding the infrastructure and factors of production constant

4.  track the total net worth of the output produced by the state prior to the hurrican and after the hurricane

5.  compare the change in prices for all goods

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