Brazil is the largest coffee producer in the world, and coffee is one of Brazils major export

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Brazil is the largest coffee producer in the world, and coffee is one of Brazil’s major export goods. Suppose that in 20 years, Brazil no longer produces much coffee and imports most of its coffee instead. Explain why Brazil might change its trade pattern over time.
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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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