Adam Smith (1776) claimed that less governmental regulation, not more, would provide incentives for individuals to allocate resources efficiently, specialize and trade

Specialization and trade would generate wealth and result in economic growth and development. Indicate whether the statement is true or false


True

Economics

You might also like to view...

When a U.S. investor buys a bond issued in a foreign country

A) the balance on the financial account decreases. B) the balance on the capital account decreases. C) the balance of trade decreases. D) the balance on the current account decreases.

Economics

Which of the following antitrust laws broadened the list of illegal price discrimination practices and is often called the "Chain Store Act"?

a. The Clayton Act. b. The Federal Trade Commission Act. c. The Robinson-Patman Act. d. The Celler-Kefauver Act.

Economics

To be considered employed, a person must have worked at least __________ hour(s) during the previous week

a. 40 b. 20 c. 10 d. 12 e. 1

Economics

What is the domestic exchange equation of Italy?


Economics