7,8,9 & 10. The economic source of bonanza from Central American beef and leadin

Question

7,8,9 & 10. The economic source of bonanza from Central American beef and leading to different clusters of beneficiaries from the two export booms. True or False, and Why? (Show the source of the beef bonanza on a partial equilibrium diagram of the US beef market and the source of the cotton bonanza on a circuit of industrial capital diagram. As you sketch your historical/structural knowledge of the distribution to the beneficiaries, link them to the diagrams.) cotton exports fundamentally differed

Explanation / Answer

The U.S. beef market is one of the largest market for the source of meet in the world. As per one of the report produced in the year 2016, beef production in the U.S. was around 11.5 million tons.

United States is also one of the third largest producer and exported of cotton in the world. As per one of the report the U.S. produced around 17.17 million bales of the cotton in the year 2016.

As the sources reveals that the United States supply majorly its beef to the largest countries like Japan and S. Korea.

So based on the above data it can be said that "The economic source of bonanza from central American beef and cotton exports fundamentally different leading to different clusters of beneficiaries from the two export booms"is true.

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