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Table 1 shows the production of corn and soy bean in China and Mexico. Table 1: Production of using1 acre of land for corn and
- Table 1 shows the production of corn and soy bean in China and Mexico.
Table 1: Production of using1 acre of land for corn and soy bean.
| China | Mexico |
Corn | 8 | 2 |
Soy Bean | 2 | 10 |
Referring to the above table, determine:
- Which country has an absolute advantage in producing corn and soy bean. Why?
- Which country has a comparative advantage in producing corn and soy bean. Why?
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