Adam Smith's basic argument is that a country should produce goods at home even if it can buy at a lower cost from other countries.

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Adam Smith's argument, as outlined in his book "The Wealth of Nations," actually advocates for free trade and specialization. He argues that countries should focus on producing the goods they can produce most efficiently and trade with other countries for goods they cannot produce as efficiently. This allows for greater efficiency and overall wealth.

Adam Smith's Basic Argument Is That a Country Should Produce