Low-quality Belgian farmland can earn a higher rent than high-quality Argentine farmland.

Question

Quizplus · Accepted Answer

This statement is true due to a number of factors, including higher demand for European agricultural products, subsidies for European farmers, and the availability of more advanced technology and infrastructure in Europe. It is important to note that this does not necessarily mean that low-quality Belgian farmland is inherently more valuable than high-quality Argentine farmland, but rather that market forces and government policies contribute to different rent levels in different regions.

Low-Quality Belgian Farmland Can Earn a Higher Rent Than High-Quality