What Did Adam Smith Believe About Trade

question 35

Multiple Choice

What did Adam Smith believe about trade?

• A) that trade would hurt the British people
• B) that trade with other countries was not necessary
• C) that trade should be based on comparative advantage
• D) that people are better off if they specialize in what they can do best

---

Definitions:

Arousal

A physiological and psychological state of being awake or reactive to stimuli.

Performance

Performance refers to the act of carrying out a task or conducting an activity, often measured against known standards of accuracy, completeness, and speed.

Extrinsic Motivation

A desire to perform an activity to achieve an external goal that activity is directed toward.

Self-efficacy

An individual's belief in their own ability to complete tasks and achieve goals.