Adam Smith believed all of the following EXCEPT
A)never attempt to make at home what it will cost more to make than to buy.
B)what makes sense in the conduct of a private family's economic endeavors also makes sense in those of a nation.
C)a nation will gain if its citizens trade among themselves,but it will probably lose if it trades with other nations.
D)specialization and exchange benefited both individuals and nations.

Question

Quizplus · Accepted Answer

Adam Smith believed in the benefits of free trade, and that nations should specialize in producing goods they were most efficient at producing and then trade with other nations for goods they lacked. Therefore, he did not believe that a nation would lose by trading with other nations.

Adam Smith Believed All of the Following EXCEPT