Multiple Choice
If France is better than Latvia at producing wine,but Latvia is better than France at producing lumber,what should happen
A) Latvia should sell lumber to France, and should buy French wine.
B) Latvia should impose a tariff on French wine in order to protect jobs in the Latvian lumber industry.
C) Latvia should subsidize its wine industry so that it can compete with French wine.
D) Latvia should put a quota on the amount of French wine imported.
Correct Answer:
Verified
Correct Answer:
Verified
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