QUESTION IMAGE
Question
when a country chooses to limit the kinds of goods or services it produces, it is practicing
○ absolute advantage.
○ globalization.
○ dependency.
○ specialization.
Brief Explanations
- Absolute advantage refers to a country's ability to produce a good more efficiently than others, not about limiting production types.
- Globalization is about increased interconnectedness in trade, etc., not limiting production.
- Dependency is about a country relying on others, not about limiting its own production types.
- Specialization is when a country focuses (limits) on producing certain goods/services to be efficient.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
D. specialization