8
QuizMultiple Choice

International Trade — Quiz

Question 8 • Economics

When a country chooses to limit the kinds of goods or services it produces, it is practicing

Answer
A
specialization.
B
dependency.
C
globalization.
D
absolute advantage.

Explanation

Specialization means concentrating production on a limited range of goods or services, often to use resources more efficiently. Therefore, choosing to limit the kinds of goods or services it produces is specialization, not dependency, globalization, or absolute advantage.

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