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The European Union Has Heavily Protected Its Farm Sector Through

Question 14

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The European Union has heavily protected its farm sector through import duties; in addition, the Union subsidizes its exports of agricultural products. If "cropland" is regarded as a factor of production and is included in the Leontief statistic (along with, say, labor), how would the presence of these agricultural policies affect the results of such tests? Explain.

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The presence of import duties and export...

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