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Increasing specialization within the global economy depends on what?

  • Question 3c of 10 - Specialization

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Increasing specialization within the global economy depends on what?
  • Answers:
  1. International trade
  2. Trade barriers
  3. Favorable climate
  4. Strict banking regulations

The correct answer is: International trade. In order to specialize, countries need to trade with each other for the goods and services they don't produce themselves.

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