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Consider a relatively small country such as Belgium with a relatively small economy: people in Belgium consume a range of manufactured products such as cars,
Consider a relatively small country such as Belgium with a relatively small economy: people in Belgium consume a range of manufactured products such as cars, televisions, refrigerators, computer, telephones and more. Would it be more productive for Belgium to try produce these goods within the country, or specialize in a few and trade with others countries for the rest of them? Explain
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