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Beef is a heterogenous commodity, which makes it difficult to compare beef prices on an international level. This article evaluates several methods of comparing beef prices for use in measuring both comparative advantage and the rate of protection. The most suitable method is one that compares...
Persistent link: https://www.econbiz.de/10008557339
Beef is a heterogenous commodity, which makes it difficult to compare beef prices on an international level. This article evaluates several methods of comparing beef prices for use in measuring both comparative advantage and the rate of protection. The most suitable method is one that compares...
Persistent link: https://www.econbiz.de/10008569716
Pork is an agricultural commodity that is marketed in different forms, and this makes it difficult to compare pork prices on an international level. Yet relative international prices are used in evaluating trade potential and policies. This article evaluates several methods of comparing pork...
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