Statement I: Adam Smith Believed That People Should Never Buy

Multiple Choice

Statement I: Adam Smith believed that people should never buy anything if they can make it themselves.
Statement II: The basis for international trade is that if a nation can import a particular good or service at a lower cost than if it were produced domestically,it should trade for that good.

A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.