Elucidate how would presence of these agricultural policy

Reference no: EM1339743

European Union and the Leontief statitistic

The European Union has heavily protected its farm sector through import duties; in addition, the Union subsidizes its exports of agricultural products. If "cropland" is regarded as a factor of production and is included in the Leontief statistic (along with, say, labor), how would the presence of these agricultural policies affect the results of such tests?

Reference no: EM1339743

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