Unlike the Mercantilists,Adam Smith Maintained That

question 40

Multiple Choice

Unlike the mercantilists,Adam Smith maintained that:

• A) Trade benefits one nation only at the expense of another nation
• B) Government control of trade leads to maximum economic welfare
• C) All nations can gain from free international trade
• D) The world's output of goods must remain constant over time

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Definitions:

Contact Zone

A geographical area where two or more distinct populations meet and interact, leading to various biological and cultural exchanges.

Gene Flow

The transfer of genetic material from one population to another, increasing genetic diversity.

Gene Flow

The transfer of genetic variation from one population to another, which often leads to changes in the genetic composition of the receiving population.