« previous next »

Author Question: Assume that Honduras has a comparative advantage in producing bananas and exports bananas to Brazil. ... (Read 61 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Comparative profiles of the lion and tiger. Comparative profiles of the lion and tiger.
Comparative illustration of a leopard (left) and cheetah (right) Comparative illustration of a leopard (left) and cheetah (right)
Lençóis Maranhenses National Park, Brazil Lençóis Maranhenses National Park, Brazil
Comparative substrate cycles in glycolysis/gluconeogenesis Comparative substrate cycles in glycolysis/gluconeogenesis
Controlling access to water in order to gain political and strategic advantage in Gaza Controlling access to water in order to gain political and strategic advantage in Gaza
Producing human insulin in E. coli Producing human insulin in E. coli
Video: Hemoglobin's affinity with oxygen - carbon dioxide, temperature and bisphosphoglycerate (BPG)

For a complete list of videos, visit our video library