Adam Smith's the Wealth of Nations Argued That

question 11

Multiple Choice

Adam Smith's The Wealth of Nations argued that

• A)countries should make laws to maximize their exports and minimize their imports.
• B)countries should try to accumulate as much gold and silver as possible.
• C)countries should conquer other territories and obtain colonies to increase their wealth.
• D)countries should allow the unrestricted functioning of the free economy,which would ensure the pursuit of private interests,and,by result,public interests.
• E)real wealth is not money,but knowledge.

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Definitions:

Population Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values in a population.

Sample Size

The count of data points or repeated measurements contained within a statistical sample.

Population Standard Deviation

A measure of the dispersion or spread of all individual values from the mean of a population.

Sample Size

The number of observations or experimental units selected from a population for the purposes of statistical analysis.