Answer to Question #74655 in Macroeconomics for Mildred Sumbukeni

Question #74655

which country has absolute advantage in the production of maize?

Expert's answer

The USA has an absolute advantage in the production of maize because this country’s farmland is one of the richest in the world.

Learn more about our help with Assignments: Macroeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Explain why cuts in public expenditure are likely to reduce aggregate demand? Please explain this i
2. a) Consider the formula: . 4,2,1,0, 21 )( 2  x x XP Is ) (xP a probability mass function?
3. Suppose, in a two sector model comprising consumers and firms, that the individuals receive the foll
4. If the discretionary income in a nation rises from $13 trillion to $15 trillion and consumption spen
5. 5. Which of the following statements regarding the balance of payments are correct? a. When the Sou
6. Which one of the following regarding the demand for money is correct? [1] The speculative demand fo
7. With reference to the extract debate if Herzberg's Two Factor Theory can be effective at increa