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The video tutorial introduces the concept of distributed knowledge and explores its application in distributed trade. It highlights the interconnectedness of knowledge and trade in a distributed system.

What is the primary focus of distributed knowledge?

• Centralized data management

• Sharing information across multiple locations

• Limiting access to information

• Storing data in a single server

Which of the following is a benefit of distributed knowledge?

• Slower information dissemination

• Higher costs

• Decreased collaboration

• Increased data redundancy

Which concept is associated with the sharing of resources across various locations?

• Centralized trade

• Distributed knowledge

• Local commerce

• Isolated networks

How does distributed trade differ from traditional trade?

• It involves multiple interconnected markets

• It excludes digital platforms

• It relies on a single marketplace

• It is limited to local transactions

What is a potential advantage of distributed trade?

• Enhanced global connectivity

• Increased transaction costs

• Limited product variety

• Reduced market reach