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When does country x have an absolute advantage over country y the production of corn?
Wiki User
∙ 13y ago
Country x has an absolute advantage when it can produce corn at a lower cost than country y.
Wiki User
∙ 13y ago
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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.
How many pounds of ear corn make a bushel?
There is no absolute answer to this, since the ears of corn can vary so much in size, shape, and weight. However, the general rule of thumb is to multiply the shelled corn weight by 0.8. Since a bushel of shelled corn should weigh 56 pounds, then a bushel of ear corn should weigh around 45 pounds. This, of course, refers only to field, or dent, corn, not sweet corn, popcorn, or any of the other types.
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 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
Is corn sustainable?
Environmental sustainability is making responsible decisions that reduce your business' negative impact on the environment. There is a lot of argument concerning corn and its production. It isn't the corn that is or isn't environmentally sustainable, it is the different production methods and use of those corn products that have to be examined,.
Was corn oil made million years ago?
No. The first commercial production of corn oil was in 1889.
