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Figure 3-8 Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier

Question 322

Multiple Choice

Figure 3-8
Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier Figure 3-8 Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier -Refer to Figure 3-8.Belgium has an absolute advantage in the production of A) waffles and Latvia has an absolute advantage in the production of pancakes. B) pancakes and Latvia has an absolute advantage in the production of waffles. C) both goods and Latvia has an absolute advantage in the production of neither good. D) neither good and Latvia has an absolute advantage in the production of both goods. Figure 3-8 Belgium's Production Possibilities Frontier Latvia's Production Possibilities Frontier -Refer to Figure 3-8.Belgium has an absolute advantage in the production of A) waffles and Latvia has an absolute advantage in the production of pancakes. B) pancakes and Latvia has an absolute advantage in the production of waffles. C) both goods and Latvia has an absolute advantage in the production of neither good. D) neither good and Latvia has an absolute advantage in the production of both goods.
-Refer to Figure 3-8.Belgium has an absolute advantage in the production of


A) waffles and Latvia has an absolute advantage in the production of pancakes.
B) pancakes and Latvia has an absolute advantage in the production of waffles.
C) both goods and Latvia has an absolute advantage in the production of neither good.
D) neither good and Latvia has an absolute advantage in the production of both goods.

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