Although trade increases productivity, it decreases society's collective knowledge because each person specializes in a very limited number of things.

Question

Quizplus · Accepted Answer

Trade actually increases society's collective knowledge as it allows individuals and countries to share ideas and innovations. Specialization still allows for individuals to become experts in their field, but they can also learn from others in different fields through trade.

Although Trade Increases Productivity, It Decreases Society's Collective Knowledge Because