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Question: a. Are food imports necessarily an indication of weakness in the agricultural sector of an economy? Under what conditions might food imports, rather than domestic production, be desirable and economically rational?

b. Under what conditions would rising food imports indicate a weakness in the overall economic strategy? Do countries have to produce everything they consume?

c. Looking back at Table, for which countries would you guess that falling food production per person is an indication of problems and for which might such a result not be a problem?

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Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92293800

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