Author Question: Assume that Honduras has a comparative advantage in producing bananas and exports bananas to Brazil. ... (Read 60 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
Assume that Honduras has a comparative advantage in producing bananas and exports bananas to Brazil. We can conclude that
 
  A) Honduras has a lower opportunity cost of producing bananas relative to Brazil.
  B) Honduras also has an absolute advantage in producing bananas relative to Brazil.
  C) Brazil has an absolute disadvantage in producing bananas relative to Honduras.
  D) Labor costs are higher for banana producers in Brazil than in Honduras.

Question 2

Refer to Figure 5-13. The market equilibrium price of gasoline is ________ per gallon.
 
  A) 3.00 B) 3.75 C) 4.25 D) 5.00



todom5090

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

For a complete list of videos, visit our video library