Adam Smith stated that a ____________________ market provides a ____________________ possible degree of specialization,so by providing a worldwide market,international trade allows for ____________________ gains from specialization.

Question

Quizplus · Accepted Answer

Adam Smith argued that a larger market provides a greater degree of specialization, which leads to increased efficiency and greater gains from trade. International trade allows for a worldwide market, thus it leads to larger markets and greater gains from specialization. Therefore, the correct answer is larger, greater, and greater.

Adam Smith Stated That a ____________________ Market Provides a ____________________

Adam Smith Stated That a Market Provides a