According to Adam Smith, what should a person never attempt to make at home?
A) whatever will cost one more to make than to buy
B) everything one person needs to live
C) what one doesn't know how to make
D) any necessity of life

Question

Quizplus · Accepted Answer

According to Adam Smith, a person should never attempt to make at home whatever will cost one more to make than to buy. This is the premise of his theory of the division of labor and specialization, where individuals and nations should focus on producing what they can most efficiently, and trade with others for everything else.

According to Adam Smith, What Should a Person Never Attempt