Adam Smith

question 206

Multiple Choice

Adam Smith:

• A) believed that trade in local communities is good for the economy, but trading with people located in foreign countries is bad for the economy.
• B) did not discuss or have an opinion about international trade.
• C) argued that it is beneficial to buy a product if the seller can sell it to us cheaper than we can make it for ourselves, regardless of the product's country of origin.
• D) believed that trade in local communities is bad for the economy, but trading with people located in foreign countries is good for the economy.

---

Definitions:

Commutative Justice

focuses on fairness in the exchange between individuals, ensuring a balance of give and take.

Sexual Harassment Complaint

A formal report made by an individual alleging unwelcome sexual advances, requests for sexual favors, or other verbal or physical conduct of a sexual nature in the workplace or learning environment.

Goal-setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes to help you achieve it.

Goal Acceptance

The extent to which individuals embrace and commit to achieving a set objective or aim.