Multiple Choice
Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s) .
-According to the Application,if Latvia has no absolute advantage relative to its neighboring European countries,should it still trade with its neighbors?
A) Yes, it should specialize in saw timber because it has comparative advantage in it.
B) Yes, it should specialize in livestock because it has comparative advantage in it.
C) Yes, it should specialize in grain because it has comparative advantage in it.
D) No, it should not specialize in anything, and it should just trade with countries outside its neighboring European countries.
Correct Answer:

Verified
Correct Answer:
Verified
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Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Table 3.2
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