According to Adam Smith, A country should specialize in the production of a good when it has ____.

Question

Quizplus · Accepted Answer

According to Adam Smith's theory of absolute advantage, a country should specialize in the production of a good when it can produce that good more efficiently than any other country. This means that the country has an absolute advantage in the production of that good, regardless of whether it has strong domestic demand, can increase national output, or has the necessary raw materials for production. Therefore, option A is the best choice.

According to Adam Smith, a Country Should Specialize in the Production