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2. For the fifth year in a row India is forecast to produce another wheat bumper crop in the 2021-22 marketing year based on favorable

2. For the fifth year in a row India is forecast to produce another wheat bumper crop in the 2021-22 marketing year based on favorable weather, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture (USDA), while 2 Argentina is one of the five largest beef producers in the world, accounting for almost 5 % of global beef production (USDA, 2018a). Argentina also has the second highest beef consumption per capita of the world, at ?54 kg of beef per person per year 3 Assume that India and Argentina can switch between producing wheat and producing beef at a constant rate as follow

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Minutes Needed to Make 1 Bushel of Wheat Pound of Beef India 20 12 Argentina 15 10

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