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

Specialization and trade actually increase dependence on others because individuals, firms, or countries focus on producing a limited range of goods or services and trade for what they do not produce, rather than becoming less dependent.

Which of the Following Is Not a Reason Why Specialization