Adam Smith

Multiple Choice

Adam Smith:

A) believed that trade in local communities is good for the economy, but trading with people located in foreign countries is bad for the economy.
B) did not discuss or have an opinion about international trade.
C) argued that it is beneficial to buy a product if the seller can sell it to us cheaper than we can make it for ourselves, regardless of the product's country of origin.
D) believed that trade in local communities is bad for the economy, but trading with people located in foreign countries is good for the economy.