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Table 2-12 Table 2-12 Shows the Number of Labor Hours

Question 53

Multiple Choice

Table 2-12
Table 2-12 Table 2-12 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras. -Refer to Table 2-12. Does either Guatemala or Honduras have an absolute advantage and if so, in what product? A) Guatemala only has an absolute advantage in producing canoes. B) Honduras only has an absolute advantage in producing canoes. C) Guatemala has an absolute advantage in producing both products. D) Honduras only has an absolute advantage in producing sailboats. Table 2-12 shows the number of labor hours required to produce a canoe and a sailboat in Guatemala and Honduras.
-Refer to Table 2-12. Does either Guatemala or Honduras have an absolute advantage and if so, in what product?


A) Guatemala only has an absolute advantage in producing canoes.
B) Honduras only has an absolute advantage in producing canoes.
C) Guatemala has an absolute advantage in producing both products.
D) Honduras only has an absolute advantage in producing sailboats.

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