Adam Smith's book, one of the first systematic treatments of economics, was entitled
A) The Plan of the Ages.
B) The General Theory of Money, Taxes, and Income.
C) The Wealth of Nations.
D) Principles of Economics.
E) Concepts in Moral Philosophy.
Correct Answer:
Verified
Q237: The market system provides a way
A)to allow
Q238: The division of labor generally refers to
Q239: Specialization in production
A)raises productivity.
B)requires money.
C)stimulates exchange.
D)All of
Q240: Inefficiency in an economy can be caused
Q241: Adam Smith noted that people are adept
Q243: Which of the following ideas of Adam
Q244: According to Baumol, Blinder, and Solow, recognition
Q245: The law of comparative advantage implies that
Q246: The division of labor can benefit society
Q247: The law of comparative advantage explains why
A)individuals
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