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, workers in the EU were more productive than workers in Latvia in the 1990s, yet EU nations still purchased products from Latvia. This is because Latvia ________ in the production of the products it sold to EU nations.
A) had an absolute advantage
B) had a comparative advantage
C) used fewer resources
D) had a higher opportunity cost
Correct Answer:

Verified
Correct Answer:
Verified
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