In Adam Smith's Trade Theory, ______ Is the Only Factor

question 14

Multiple Choice

In Adam Smith's trade theory, ______ is the only factor of production and is of one quality (homogeneous) .

• A) land
• B) labor
• C) capital
• D) entrepreneurship

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Definitions:

Universally Shared Attitude

A perspective or belief held in common across diverse cultures or societies.

Nation's Pride

The collective feeling of pride and allegiance that citizens have towards their country.

Myth

A traditional story, often involving supernatural beings or events, that serves to explain natural phenomena or cultural practices.

Women

Adult female humans, often discussed in various contexts including social, political, economic, and cultural dimensions.