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05-05-2009: 5th May 2009 21:03
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#17
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Overlord in Training
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Join Date: Jun 2007
Location: wolverhampton
Posts: 2,972
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Re: OCR A2 Economics in a European Context 2888- June 09
Originally Posted by gangsta316
Well wouldn't the EU want imported foods to be more expensive than the domestic EU stuff so that people are discouraged from buying imports and will buy EU stuff. If it's below the EU price then they might as well just buy the imported foods and the whole common agricultural policy would fall apart because nobody would buy the produts.
Yes but they don't import it, you mean the world price of agricultural goods. Then yes, they would like a higher world price for agricultural goods, so their domestic firms generate more revenue.
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