Recall the Application About Productivity in the Nation of Latvia

question 37

Multiple Choice

Recall the Application about productivity in the nation of Latvia in the 1990s to answer the following question(s) .
-According to this Application, workers in the EU were more productive than workers in Latvia in the 1990s, yet EU nations still purchased products from Latvia. This is because Latvia ________ in the production of the products it sold to EU nations.

• A) had an absolute advantage
• B) had a comparative advantage
• C) used fewer resources
• D) had a higher opportunity cost

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Potential clients who have shown interest in a company's product or service but have yet to make a purchase.

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Individuals who are tasked with selling products or services to customers, often acting as the direct link between the company and its clients.

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