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In both Costa Rica and Honduras there is a boat manufacturing industry where canoes and sailboats are produced. In Costa Rica it takes 15 hours
In both Costa Rica and Honduras there is a boat manufacturing industry where canoes and sailboats are produced. In Costa Rica it takes 15 hours to produce one canoe and 60 hours to produce on sailboat. In Honduras it takes 15 hours to produce one canoe and 90 hours to produce one sailboat. a. Do either Costa Rica or Honduras have an absolute advantage for a task? If so, identify which nation has an absolute advantage and for which task. ________________ b. Do either Costa Rica or Honduras have a comparative advantage for each task? If so, identify which has a comparative advantage and for which task
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