Which of the following is not a reason why specialization and trade are beneﬁcial to society?
A) The total output of economic goods may be increased even without any increase in resources.
B) Scarce resources are utilized more eﬃciently by exploiting differences among them.
C) Specialization fosters learning by doing, thus lowering the unit-costs of products.
D) Firms and workers become less dependent on others for producing goods and services.

Question

Quizplus · Accepted Answer

Firms and workers becoming less dependent on others for producing goods and services is not a reason why specialization and trade are beneficial to society. In fact, interdependence and trade among firms and individuals is one of the key advantages of specialization and trade, as it allows for greater efficiency and access to a wider variety of goods and services.

Which of the Following Is Not a Reason Why Specialization