10. Following are data for soybean yield, production, and trade for 2007: Suppose that the countries listed...

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10. Following are data for soybean yield, production, and trade for 2007:

Suppose that the countries listed in the table are engaged in free trade and that soybean production is land-intensive. Answer the following:

a. In which countries does land benefit from free trade in soybeans? Explain.

b. In which countries does land lose from free trade in soybeans? Explain.

c. In which countries does the move to free trade in soybeans have little or no effect on the land rental? Explain.

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International Economics

ISBN: 9781429231183

2nd Edition

Authors: Robert C. Feenstra, Alan M. Taylor

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