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stevengu246 stevengu246
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4 years ago
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 comparative advantage but not an absolute advantage

▸ neither an absolute advantage nor a comparative advantage

▸ an absolute advantage and a comparative advantage

▸ an absolute advantage but not a comparative advantage
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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wrote...
#1
4 years ago
an absolute advantage but not a comparative advantage
stevengu246 Author
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#2
4 years ago
Brilliant
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