AGRIBUS7054: Global Food and Agricultural Policy Analysis - Agriculture Assignment Help

Assignment Task :

Replacement Examination

1. Identify the following market failures and provide and explanation for your choice, Provide a solution to the market failure providing a brief explanation for it
2. “Use of antibiotics in animal feed that are employed to treat humans tends to foster antibiotic resistance in bacteria that can then be transmitted to bacteria that cause infectious diseases in humans”. Your answers shouldn’t be more than 5 sentences (1 mark)
3. “A large farm in Iowa that is practicing no-till farming. No-till practices reduce soil erosion and air pollution (from dust) and save water”. Your answers shouldn’t be more than 5 sentences
4. “In the 1960s, fishermen realized the tuna populations were in danger. Many nations continue to seek profit from large bluefin tuna catches every year without regard for conservation. Bluefin tuna have already been fished to extinction in the Black Sea and Caspian Sea, and perhaps the Atlantic bluefin tuna will follow”. Your answers shouldn’t be more than 5 sentences (1 mark)
5.  “Many people are unaware of just how pervasive added sugar is in our foods,” a paediatrician at Seattle Children’s Hospital said. “It isn’t just cookies and soda; it’s being added to many foods that most people wouldn’t consider as sweets”. The result: the average American adult is consuming three times more sugar than is recommended by the World Health Organization– 76.7 grams per day versus the recommended 25 grams per day, according to a study published in The American Journal of Clinical Nutrition. Your answers shouldn’t be more than 5 sentences  
6. As a response to rising food prices in 2008 some governments implemented export restrictions. Using wheat as an example, and assuming that there are only two countries in the world: country 1 (exports wheat), and country 2 (imports wheat), answer the following questions. (12 marks)
7. Using a graph show the price and welfare effects of an export tax applied by country 1 to protect its local consumers from high world wheat prices. What would be the price effects of the policy in country 1 
8. Using a graph show the welfare effects of an export tax on wheat implemented by country 1 on country 2. What would be the price effects of the policy in country 2?  
9. Based on your findings from the simplified world of two countries from question 2 and based on what we have discussed in class answer the following questions: 
10. What would be the effect of export taxes on wheat if implemented by a small country in international trade? 
11. What would be the effect of export taxes on wheat if implemented by a big country in international trade?  
12. Explain the effects of policies that restrict trade, such as export taxes, in world food prices when these policies are implemented by many small countries in international trade. 

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