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QuizMultiple Choice

Unit Test — Unit test

Question 1 • * HSA 26-27 Economics

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

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

Explanation

Specialization means focusing production on selected goods or services rather than trying to produce everything. So when a country limits the kinds of goods or services it produces, it is practicing specialization. Absolute advantage describes producing something more efficiently than another country, while globalization means increasing connections among countries.

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