Suppose Japan is a small rice importer. At the world free trade price, Japan's domestic production of rice is Q1. In autarky, Japan's domestic production of rice will be Q2. The Japanese government believes that to preserve Japanese rice growing culture, the domestic rice production should be at Q3 and Q1

Suppose Japan is a small rice importer. At the world free trade price, Japan's domestic production of rice is Q1. In autarky, Japan's domestic production of rice will be Q2. The Japanese government believes that to preserve Japanese rice growing culture, the domestic rice production should be at Q3 and Q1

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter28: International Trade

Section: Chapter Questions

Problem 9P

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Why Japan is dependent on food import?
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