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Ask us does Country X have an absolute advantage over Country Y in the production of corn?
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When does country x have an absolute advantage over country y the production of corn?
Country x has an absolute advantage when it can produce corn at a lower cost than country y.
When does Country X have an absolute advantage over Country Y in the production of corn?
Country X can grow corn more cheaply than Country Y.
How much of the US corn crop is used for ethanol production?
As of 2011, approximately 45% of US corn production is being used for ethanol production.
What is crop production?
It is just the production of crops such as corn and oats.
How can a country can achieve some combination of goods outside its production possibilities curve by?
The easiest way is by freely trading with other countries freely. This is illustrated in the theory of competitive advantage. For example take American and say Mexico. Assume that there are two goods, corn and automobiles. Assume that Mexico is really good (efficient) at producing automobiles but not good at producing corn. Assume that America is really good at producing corn but not good at producing automobiles. When Mexico and America aren't trading, they are bound by their own individual PPCs. When they start trading, Mexico would want more cars (because they aren't good at making them) and thus start trading their corn (which they are really good at making) for the cars that America is really good at making. By doing this they are able to use their efficient production of corn to acquire a good that they would otherwise not be able to manufacture very efficiently. This is the same as if they could produce cars with the same efficiency as they could produce corn (because they would be able to convert corn into cars). America would see the same effect just reversed (cars instead of corn). Thus, they would be able to achieve a combination of goods outside of their own PPC.
When does country x have an absolute advantage over country y the production of corn?
Country x has an absolute advantage when it can produce corn at a lower cost than country y.
When does Country X have an absolute advantage over Country Y in the production of corn?
Country X can grow corn more cheaply than Country Y.
Who is the leading country growing corn?
The United States, where 60% of the world production is grown.
What city of Mexico grow the most corn?
Sinaloa is the state with the largest production of corn in Mexico. Its capital Culiacan is also close to the most productive corn fields in such country.
How much of the US corn crop is used for ethanol production?
As of 2011, approximately 45% of US corn production is being used for ethanol production.
What are the three ''belt's'' of agriculture in the Midwest?
The three main "belts" of agriculture in the Midwest are the Corn Belt, the Wheat Belt, and the Dairy Belt. The Corn Belt is known for its production of corn and soybeans, the Wheat Belt for its wheat production, and the Dairy Belt for dairy farming and milk production. These regions play a vital role in supplying the country's food and agricultural products.
What is crop production?
It is just the production of crops such as corn and oats.
What state which is south of the Dakotas is known for its production of corn?
Nebraska is a state located south of the Dakotas and is known for its production of corn.
What state is leading in corn production?
Iowa
What state leads in corn production?
Iowa
What kinds of food are representational of Iowa?
Iowa leads the states in the production of corn.
What products does the us lead the world in production?
corn
