Question
Australia is an exporter of wheat, supplying to the international market. How do i create an economic analysis of the market for wheat and petrol
Australia is an exporter of wheat, supplying to the international market. How do i create an economic analysis of the market for wheat and petrol in Australia, addressing the following questions: 1. Wheat and the welfare consequences of trade: Construct a simple model of the (wholesale) market for wheat globally, and in Australia. Provide a brief but clear explanation to accompany your diagrams, and reflect on what access to international trade means for Australian farmers, food manufacturers (e.g. bakeries) and food consumers (i.e. households)
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