Suppose in Belize, the Opportunity Cost of Producing a Sailboat

question 57

Essay

Suppose in Belize, the opportunity cost of producing a sailboat is 5 hang gliders.In Honduras, the opportunity cost of producing a sailboat is 8 hang gliders.
a.What is the opportunity cost of producing a hang glider for Belize?
b.What is the opportunity cost of producing a hang glider for Honduras?
c.Which country has a comparative advantage in the production of hang gliders?
d.Which country has a comparative advantage in the production of sailboats?

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Definitions:

Phrases

Groups of words that function as a unit within a sentence, but do not contain a subject and predicate as a clause does.

Violence

Behavior involving physical force intended to hurt, damage, or kill someone or something.

Subdials

Smaller dials situated on the main dial of a watch, providing additional information like chronograph functions or a calendar.

Tachometer

An instrument measuring the rotation speed of a shaft or disk, as in a motor or other machine.