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is the act of limiting the types of goods and services produced. produc…

Question

is the act of limiting the types of goods and services produced. production possibility absolute advantage competition specialization

Explanation:

Brief Explanations

Specialization in economics refers to focusing on producing certain goods and services, which implies limiting the types of production. Production possibility is about the combinations of goods that can be produced. Absolute - advantage is about being more efficient in production. Competition is about rivalry among producers or sellers.

Answer:

D. Specialization