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Harry is a farmer in Iowa where he owns a section of land on which he raises corn. The corn is used for animal feed and to produce corn oil. Which of the following best represents the material resources he will use?

1) Seeds, fertilizers, water, land
2) Tractors, pesticides, sunlight, land
3) Animals, machinery, labor, land
4) Corn oil, animal feed, land, water

User Diaz
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1 Answer

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Final answer:

Harry utilizes material resources such as seeds, fertilizers, water, and land to grow corn in Iowa. These resources quantify the physical capital inputs necessary for production, coupled with technology for enhanced efficiency and yield.

Step-by-step explanation:

Harry is a farmer in Iowa where he owns a section of land on which he raises corn. The corn is used for animal feed and to produce corn oil. The best representation of the material resources he will use include items such as seeds, fertilizers, water, and land. These are examples of important physical capital inputs that contribute to the production of food.

Agriculture requires a variety of material resources and technology, not only for the cultivation of crops like corn but also for raising animals and turning natural resources into valuable goods. Land in the context of production includes not only the physical space but also the natural resources that can be harvested and used in production. Technology plays a crucial role as well, with innovations that increase productivity and efficiency in agricultural processes.As Harry is raising corn, he would rely on natural resources such as land for growing the crops and water for irrigation. Seeds and fertilizers are vital inputs for crop growth, providing the foundation for his corn to flourish. Therefore, options 1 and 2 are both accurate representations of the material resources used in farming, with option 1 focusing on the initial inputs for growing crops, and option 2 including tools and additional factors necessary for cultivation.