Because of their relatively small national economies, which of the following is most likely considered to be the most important factor for Belgium, Korea, and Canada to take full advantage of specialization?

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International trade is crucial for smaller national economies like Belgium, Korea, and Canada to fully benefit from specialization. By engaging in international trade, these countries can specialize in producing goods and services in which they have a comparative advantage and trade for other goods and services. This allows them to achieve greater efficiency and economic growth.

Because of Their Relatively Small National Economies, Which of the Following