Without trade, the knowledge used by an entire economy would be about the same as the knowledge had by:
A) all intelligent people combined.
B) a large number of people.
C) one person.
D) no one.

Question

Quizplus · Accepted Answer

Without trade, an economy would be completely isolated, meaning that the knowledge available to that economy would be limited to what can be known by the people within that economy. Since there is no sharing of knowledge or ideas from outside sources, the knowledge available would be restricted to the knowledge of a single person or a group of people within the economy. Therefore, the best choice is C, representing one person with limited knowledge.

Without Trade, the Knowledge Used by an Entire Economy Would