[Answered] Which type of trade policy did Adam Smith support? What will be an ideal ...

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nelaaney

Hero Member
Posts: 560

on: Jul 7, 2018

Which type of trade policy did Adam Smith support?

What will be an ideal response?

Question 2

Buying inputs for manufacturing increases the firm's level of investment.

Indicate whether the statement is true or false

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smrtceo

Sr. Member
Posts: 344

Reply #1 on: Jul 7, 2018

Answer to Question 1

Adam Smith supported the free trade philosophy. He believed that voluntary exchange makes both parties of the transaction better off and allocates resources to their highest valued use.

Answer to Question 2

FALSE

nelaaney

Member
Posts: 560

Reply 2 on: Jul 7, 2018

Excellent

Zebsrer

Member
Posts: 284

Reply 3 on: Yesterday

Gracias!

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