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Suppose in Belize, the opportunity cost of producing a sailboat is 5 hang gliders. In Honduras, the

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Suppose in Belize, the opportunity cost of producing a sailboat is 5 hang gliders. In Honduras, the

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?

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Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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You're welcome Happy Dummy

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