Question: Question 2 (25 Points} The purpose of this question is to compare the labour-to-lartd ratio of Canada and three other countries of your choice. Assume


Question 2 (25 Points} The purpose of this question is to compare the labour-to-lartd ratio of Canada and three other countries of your choice. Assume that the labor force is a constant fraction of the population so that the population-to-land ratio (population density} can serve as a proxy for the labour-to-lartd ratio. Calculate the population-to-land ratio for Canada and your selected countries. If Canada has an abundance of land in these calculations, would you predict that it is a net exporter of agricultural goods? Look at the data to see if your prediction is correct. Data: For the ahundancefscarcity calculations, go to the 1World Bank site at {Ltpwwwworldhankorggdatai For data on population, click "Data", select \"By country,\" and then click on the name of the selected country to nd its population. For data on land area, click "Data", select "Indicators" and then choose \"Land Area\". For Canadian imports and exports in agriculture, use the Industry Canada 'Trade Data Unline' page at ht_tps:ttwwwicgc.catapscrttdstttdotcrtchunl . Select the appropriate country and at least twn categories of agricultural products
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
