© Tim Alexander

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  • Trade and specialisation

Click to read the article below and then answer the questions:

Are there any steaks left to be discovered?

  • As an economist, explain the proliferation of meatheads

  • Graph the market for beef. Show the change in the market that has occurred as consumers are increasingly interested in Mexican and Korean cuisine 

  • How has specialisation transformed the beef industry? 

  • How does finding new meat cuts affect the profitability of meat suppliers?

Ariel Slonim at MRU Econinbox

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