Adam Smith supported international trade because:

Question

Quizplus · Accepted Answer

Adam Smith believed in the principle of comparative advantage, which states that countries should specialize in producing goods and services they are most efficient at, and then trade with other countries for goods and services that they are less efficient at producing. This would lead to greater efficiency and overall wealth creation for all countries involved. Smith did not support the use of tariffs or complete lack of regulation.

Adam Smith Supported International Trade Because