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In: Economics

Question 1 Topic: Beef Production in the US and Brazil The US and Brazil both produce...

Question 1 Topic: Beef Production in the US and Brazil The US and Brazil both produce beef domestically, and the beef industries in the respective countries may have negative externalities associated with beef production. . List two major negative externalities associated with beef production in the US. List which group or groups in society (can be domestic, international or both) are affected by the externalities and explain the impact 2. List two major negative externalities associated with beef production in Brazil. List which group or groups in society (can be domestic, international or both) are affected by the externalities and explain the impact. 3. Draw an environmental kuznets curve in relation to the beef industry externalities listed above. Indicate where Brazil and the US would lie on the curve and explain why

Solutions

Expert Solution

Major negative externalities associated with beef production in the US are :

1. Tropical Deforestation: 80% of the deforestation is caused by cattle ranching. Farmers feed their animals on land which are productive for other crops.

2.Consumption of too much water: The Beef industry has greater water use. This is a threat to water availability for other purposes.

Groups which are affected by these externalities are: Farmers are mainly affected by these externalities as their water and land are shared by cattle ranchers.

Major negative externalities associated with beef production in Brazil are :

1. Greenhouse gases production: The Beef industry has greatest methane emissions in Brazil.

2.Foot-mouth disease: Tthe Beef industry is responsible for foot mouth disease in Brazil.

Residents of Brazil are affected by these negative externalities, they have to suffer foot mouth disease and pollution.


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