In Adam Smith's view, international trade
A) benefited both trading countries.
B) was based on absolute cost differences.
C) reflected the resource base of the countries in question.
D) all of the above.

Question

Quizplus · Accepted Answer

Adam Smith believed that international trade benefited both trading countries, was based on absolute cost differences, and reflected the resource base of the countries in question. Therefore, all three options (A, B, and C) are correct.

In Adam Smith's View, International Trade