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Tidy Tidy
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Posts: 4852
8 years ago
Suppose in Belize, the opportunity cost of producing a sailboat is 5 hang gliders. In Honduras, the opportunity cost of producing a sailboat is 8 hang gliders.
a.    What is the opportunity cost of producing a hang glider for Belize?
b.    What is the opportunity cost of producing a hang glider for Honduras?
c.    Which country has a comparative advantage in the production of hang gliders?
d.    Which country has a comparative advantage in the production of sailboats?
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 774 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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8 years ago
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8 years ago
You're welcome Happy Dummy
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