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
The Pantanal, Brazil, seen here in flood condition, is a critical jaguar range area.
Comparative structure of arteries, capillaries, and veins.
Comparative sizes of the Earth and the Moon
This label on a Toyota Camry hybrid shows the relative smog-producing emissions, but this does not ...
Skin color is a polygenic trait controlled by three or four genes, producing a wide range of phenoty
Producing cDNA from mRNA