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:

Verified
Correct Answer:
Verified
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