Suppose that Honduras opens its markets to international trade. As a result of this, the domestic price of coffee decreases. We can conclude that
a. Honduras has a comparative advantage in the production of coffee.
b. Honduras has begun to import coffee into the country.
c. the price of coffee in Honduras prior to the opening of trade was lower than the world price.
d. Honduras should specialize in the production of coffee.
b
Economics
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a. True b. False
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The largest overall recipients of remittances are:
A. Chile and Mexico, which each get more than $50 billion per year. B. China and India, which each get more than $5 billion per year. C. China and India, which each get more than $50 billion per year. D. Chile and Mexico, which each get more than $5 billion per year.
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