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Specialization in trade will be economically efficient if it is based upon
Automaticity
The ability to perform actions without conscious thought or intention, achieved through repeated practice and learning.
Decision Habit Strength
The extent to which an individual's decisions are influenced by ingrained habits, often bypassing deliberative thought processes.
Rational Perspective
An approach that emphasizes logical, analytical, and objective decision-making based on available information and reasoning.
Economics of Information
A study within economics that analyzes how information affects an economy and economic decisions.
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