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Use the Production Possibilities Data Below for Honduras and Nicaragua

question 75

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Use the production possibilities data below for Honduras and Nicaragua to answer the following question(s) .
Table 2-2
Use the production possibilities data below for Honduras and Nicaragua to answer the following question(s) . Table 2-2    -Refer to Table 2-2. Which of the following is correct? A)  Honduras has the comparative advantage in both goods. B)  Nicaragua has the comparative advantage in oranges. C)  Honduras has the comparative advantage in oranges. D)  It would be impossible for Honduras and Nicaragua to gain from trade.
-Refer to Table 2-2. Which of the following is correct?


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Financial Capital

The monetary resources owned or available to individuals, companies, or countries for investment in wealth-generating assets.

Developing Countries

Nations with lower levels of industrialization, economic activity, and human development index compared to developed countries, often working towards growth and advancement.

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The freedoms and legal rights afforded to women and girls of all ages, which may include issues of bodily autonomy, suffrage, work rights, and equal pay.

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