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DrLanWan
Course
BUSN2022
Pages
2
Subject
Economics
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Question

Question 1

Describe what is meant by the “farm problem” and explain why it arises.

Farm problem refers to income problem, particularly the disparity between farm incomes and incomes in other sectors of the economy. It arises due to;

Question 2

Foreign investment in land assets in Australia is predominantly led by the Chinese, Americans and British.

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EYS***779 2019-11-04 08:23:22

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Solution Preview

Fluctuation in farmers’ income. First, changes in demand for farm products. Changes in supply affects demand. World supply often changes quite dramatically from season to season causing a major change in Australian farm products export prices. Second, fluctuations in climactic conditions cause large variations in output for Australian farmers

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