Author Question: What was the name of Adam Smith's famous book against mercantilism? When was it written? Briefly ... (Read 104 times)

kwoodring · **on:** Jun 29, 2018

What was the name of Adam Smith's famous book against mercantilism? When was it written? Briefly summarize his arguments.

Question 2

A ________ is a schematic that illustrates how and where a retailer's merchandise should be displayed on the shelf in order to increase customer purchases.
a. stack-out
b. free flow circulation
c. planogram
d. loop circulation
e. spine circulation

orangecrush · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

Adam Smith's 1776 book An Inquiry into the Nature and Causes of the Wealth of Nations argued against mercantilism. His arguments were based on the economic idea that free trade increases the total number of goods and services produced by having individuals specialize in areas where they have an advantage. Allowing free trade is also seen as a way for exporting countries to import more products. Exporters should be able to increase their wealth, allowing them to purchase more imported goods.

Answer to Question 2

c