Question #4: Following are data for soybean yield, production, and trade for 2010-2011: Suppose that the countries listed in the table are engaged in free trade and that soybean production is land intensive. Answer the following:

a. In which countries does land benefit from free trade in soybeans? Explain.

b. In which countries does land lose from free trade in soybeans? Explain.

c.In which countries does the move to free trade in soybeans have little or no effect on the land rental? Explain. (the table is on the picture)

c. In which countries does the move to free trade in soybeans have little or no effect on the land rental? Explain. Yield metric Production ton/hectare) Export (100,000 100,000 Imports (100,000 metric tons) metric tons) metric tons) Australia 1.71 0.29 0.025 0.007 Brazil 3.12 748.2 258 1.18 Canada 2.75 42.5 27.8 2.42 China 1.89 144 1.64 570 France 2.95 1.23 0.24 5.42 Japan 1.60 2.19 0.0006 34.6 Mexico 1.32 2.05 0.001 37.7 Russia 1.48 17.6 0.008 10.7 USA 2.79 831 423 4.45 Data from: Food and Agriculture Organization