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Question

One of the major benefits of specialization is that:

• A. countries become likely to produce a wide range of products.

• B. countries become less reliant on voluntary exchange with others.

• c. countries are less likely to experience a division of labor.

• D. countries can become less economically self-sufficient.

Answer

B. Countries become less reliant on voluntary exchange with others.

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Specialization is the process of focusing on a particular area of production or service. It allows countries to become more efficient in their production and to become less...