Thank you Both Latvia and Malawi produce oil and linen Each country has 36 units of labor The table below shows the number of units of labor required to produce one unit of each good Number of units of labor to produce 1 Barrel 0f Oil Yard Of Linen HM Latvia 9 1 Malawi 3 3 If Latvia and Malawi were to each specialize and trade to increase total output, which of the following statements about specialization is correct O Latvia should specialize in the production of oil because they have a lower opportunity cost to produce that good 0 Latvia should specialize in the production of oil because they have a comparative advantage in the production of that good 0 Malawi should specialize in the production of linen because they have a lower opportunity cost to produce that good 0 Malawi should specialize in the production of linen because they have a comparative advantage in the production of that good 0 None of the above

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Thank you  Both Latvia and Malawi produce oil and linen  Each country has 36 units of labor  The table below shows the number of units of labor required to produce one unit of each good  Number of units of labor to produce 1 Barrel 0f Oil Yard Of Linen HM Latvia 9 1 Malawi 3 3 If Latvia and Malawi were to each specialize and trade to increase total output, which of the following statements about specialization is correct  O Latvia should specialize in the production of oil because they have a lower opportunity cost to produce that good  0 Latvia should specialize in the production of oil because they have a comparative advantage in the production of that good  0 Malawi should specialize in the production of linen because they have a lower opportunity cost to produce that good  0 Malawi should specialize in the production of linen because they have a comparative advantage in the production of that good  0 None of the above

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Thank you! Both Latvia and Malawi produce oil and linen. Each country has 36 units of labor. The table below shows the number of units

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