A country that has a highly specialized economy is most likely to experience which problem? A. It must pay higher tax rates to international trade organizations.
B. It does not produce all the essential goods its people need.
C. It produces too many different products at low efficiency.
D. It cannot convince other countries to make trade agreements.

In a situation where a country is a highly specialized economy, it is most likely to experience a problem to not being able to produce all the essential goods its people need. Therefore, the option A holds true.

What is the significance of a highly-specialized economy?

A highly specialized economy is referred to or considered as such an economy where the entire dependence of the economy is run on production or distribution of a single commodity in its markets. Such economy focuses on production of one single product.

Since the focus of a highly specialized economy is majorly on the goods the economy specializes in, it becomes difficult for such an economy to produce the goods that are essential for human consumption. Thus, it becomes a major difficulty for such a specialized economy.

Therefore, the option A holds true regarding a highly specialized economy.

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