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Author Question: Which type of trade policy did Adam Smith support? What will be an ideal ... (Read 128 times)

nelaaney

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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

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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

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Reply 2 on: Jul 7, 2018
Thanks for the timely response, appreciate it

shailee

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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