Refer to Table 2-12. Does either Guatemala or Honduras have an absolute advantage and if so, in what product?
A) Honduras only has an absolute advantage in producing sailboats.
B) Guatemala has an absolute advantage in producing both products.
C) Guatemala only has an absolute advantage in producing canoes.
D) Honduras only has an absolute advantage in producing canoes.
B
Economics
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a. True b. False Indicate whether the statement is true or false
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A. 2.5 B. 4 C. 1 D. 0.4
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