Adam Smith Argued in the Wealth of Nations That the Relative

question 4

Multiple Choice

Adam Smith argued in the Wealth of Nations that the relative values of different goods was determined by:

• A) demand and supply.
• B) the invisible hand.
• C) the relative amounts of labor used in their production.
• D) the relative amounts of profit.

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Definitions:

Species Richness

The variety of species found in a specific ecological community, landscape, or region.

Productivity

A measure of the efficiency of production, often defined as the output per unit of input.

Abundance

The great or plentiful amount of something in a particular environment, often used in ecology to describe the number of individuals of a particular species within a given area.

Organismic Model

Cooperative view of community, described by Clements, in which a community goes through certain stages of development (succession), like the embryonic stages of an organism, and eventually reaches an adult state (climax community).