Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s).
-According to the Application,Latvia has absolute advantage in the production of which good?
A) saw timber
B) grain
C) milk
D) none of the above

Question

Quizplus · Accepted Answer

Absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or service than competitors, using the same amount of resources. The question does not provide specific information on the quantities of goods produced or the resources used by Latvia compared to other nations, making it impossible to determine if Latvia has an absolute advantage in any of the listed goods without additional context.

Recall the Application About Productivity in the Nation of Latvia