Solved

Recall the Application About Productivity in the Nation of Latvia

Question 4

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions