4. In 1995, China produced 14 million tons of soybeans and consumed 14 million tons. In 2011 it still produced 14 million tons but it consumed 70 million tons. So it had to import 56 million tons. In 2019, China's production had risen to 18 million tons, but its consumption had risen even more, to 106.5 million tons. It had to import 88.5 million tons. Where did most of the imported soybean come from, and where did they go to? From Brazil, USA, and Argentina, to feed chickens, pigs, fish etc. From Canada, USA, and Brazil, to make oil, soy sauce, tofu etc. From Brazil, the USA, and Australia, to make tofu and to feed animals. A) B) C)

4. In 1995, China produced 14 million tons of soybeans and consumed 14 million tons. In 2011 it still produced 14 million tons but it consumed 70 million tons. So it had to import 56 million tons. In 2019, China's production had risen to 18 million tons, but its consumption had risen even more, to 106.5 million tons. It had to import 88.5 million tons. Where did most of the imported soybean come from, and where did they go to? From Brazil, USA, and Argentina, to feed chickens, pigs, fish etc. From Canada, USA, and Brazil, to make oil, soy sauce, tofu etc. From Brazil, the USA, and Australia, to make tofu and to feed animals. A) B) C)

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 4E

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