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14 June, 21:47

When discussing comparative and absolute advantage, which best describes specialization

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  1. 14 June, 23:41
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    I believe the answer is: Limiting the types of goods and services produced

    The purpose of such limitation is to make the country able to allocate its full resources in producing the commodity in which they have a full competitive advantage toward other countries. One example would be Malaysia that choose latex production as one of its specialization.
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