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Recall the Application About Productivity in the Nation of Latvia

Question 24

Multiple Choice

Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s) .
-According to this Application, in the 1990s EU countries had ________ in the production of all products compared to Latvia.


A) an absolute advantage and a comparative advantage
B) an absolute advantage but not a comparative advantage
C) a comparative advantage but not an absolute advantage
D) neither an absolute advantage nor a comparative advantage

Correct Answer:

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