The production possibilities tables for Honduras and the Venezuela are shown in

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The production possibilities tables for Honduras and the Venezuela are shown in the tables below Before specialization and trade, Honduras' optimal product mix is given by alternative D white optimal production in Venezuela is alternative I. Define absolute advantage 1 point Define comparative advantage 1 point Using position I for Venezuela, calculate the opportunity Cost ratio for mangoes Using position D for Honduras, calculate the opportunity cost ratio for mangoes Which nation has comparative advantage m the production of mangoes Using position I for Venezuela, calculate the opportunity Cost ratio for bananas Using position D for Honduras, calculate the opportunity cost ratio for bananas who has comparative advantage in Bananas Who has comparative advantage m mangoes Complete the statement: Of these two nations, should export Mangoes and import bananas while should import mangoes and export bananas Production Possibilities: Suppose that s nation's production possibilities can be represented by the table below

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