tag:blogger.com,1999:blog-22097549.post114202720444450838..comments2023-11-03T03:37:19.021-05:00Comments on The World of AP Econ: TradeKMhttp://www.blogger.com/profile/07723156884341428020noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-22097549.post-1142284389337432392006-03-13T15:13:00.000-06:002006-03-13T15:13:00.000-06:00The tough one here is C - are farmers better off. ...The tough one here is C - are farmers better off. <BR/><BR/>Sarah is right - economists always like trade, and it is always better for the consumer. It is possible, though, that the domestic producer could be harmed. Jacqui has it - it depends on what's going on there between corn & wheat. <BR/><BR/>Because we don't have all the info, just about any answer could work for C - AS LONG AS YOU SUPPORT YOUR OPINION! :)KMhttps://www.blogger.com/profile/07723156884341428020noreply@blogger.comtag:blogger.com,1999:blog-22097549.post-1142218316386133842006-03-12T20:51:00.000-06:002006-03-12T20:51:00.000-06:00b. pretty much the same answer as a.c.NAFTA makes...b. pretty much the same answer as a.<BR/><BR/>c.NAFTA makes US farmers better off because then they're getting a higher profit because everyone has to buy their product.<BR/><BR/>d. it makes the consumers worse off because they don't have any options to buy cheaper wheat/corn and are forced to pay the high price.mrsmichelleadamshttps://www.blogger.com/profile/14562885726793731659noreply@blogger.comtag:blogger.com,1999:blog-22097549.post-1142218205033114872006-03-12T20:50:00.000-06:002006-03-12T20:50:00.000-06:00a. The world trade price is below it, because if w...a. The world trade price is below it, because if we're not trading with other countries, the price of our own wheat is going to be higher than the world price because there aren't any substitutes...so the competition is lost, and the wheat farmers can set the price as high as they need to.mrsmichelleadamshttps://www.blogger.com/profile/14562885726793731659noreply@blogger.com