Essay
Suppose that 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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a.For Belize, the opportunity cost of pr...View Answer
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